This paper reviews the literature on risk management practices and methods in product
design and development. Based on an expert workshop by the Risk Management …

New products are major sources of competitive advantage and success for a manufacturing
enterprise. However, not all new product development (NPD) initiatives result in a successful …

Risk management is receiving much attention, as it is seen as a method to improve cost,
schedule, and technical performance of new product development programs. However …

Many of the most important business and economic risks are directly linked to environmental
and social issues. This includes both threats and opportunities, not only in relation to …

Purpose Product portfolio management is a strategic concern. Product portfolio
management includes decisions associated with adding new products, maintaining existing …

Numerous methods can be used during the design stage to ensure that new products are
developed to optimize performance with respect to economic, environmental, and societal …

Product Design (PD) currently faces challenges in new product development, since the
industry is in a rush to introduce new products into the market, with customers demanding …

Unplanned design iterations are considered one of the reasons for the high failure rate of
new product development (NPD) projects. Generally, organisations employ 'proactive risk …

Risk management is a critical part of engineering practice in industry. Yet, the attitudes of
engineers toward risk remain unknown and are not measured. This paper presents the …

A major limitation in sustainable product design is the lack of comprehensive methods to
evaluate the effect of various risks on its total lifecycle sustainability performance. Most risk …