Risk management in the product development process means identifying potential future events or outcomes that could have a negative impact on the success of the project. Through a phased approach and a stringent development methodology, risks are identified and anticipated as early as possible. Nevertheless, the factor of unexpected results and findings is inherent in development projects, varying depending on the maturity of the technologies applied and the height of development jump to be performed.
Consideration of technical risks must already be made in the design of the project. The ongoing assessment of risks, not just those of a technical nature, is a key element during project implementation. We regularly assess identified risks in terms of probability of occurrence, costs in the event of occurrence, and mitigation measures.
Our development projects are designed in such a way that major uncertainties (risks) are addressed as early as possible, ideally in a preliminary project before the product development as such begins.