5 Options to Manage Risks during Product Engineering

We're uncovering risks during our new product development, about our design. How do we manage risks? What options do we have? 

There are at least 5 options we can take to manage risks. We talk about each, and how quality and reliability methods and techniques may help us with the next steps to be able to make decisions with our team.

Our 5 options:

  1. Prioritize risks and address the riskiest submodules/components first.
  2. Test subsystems/submodules/components and test them to failure.
  3. Try to avoid risks. Be mindful about risk avoidance during development.
    • reuse proven submodules or components
    • mistake-proof the user process
    • reverse a decision
  4. Consider redundancy.
    • redundant components in the design
    • redundant development of another design option
  5. Risk/Reliability Apportionment: focus risk on one or two submodules/components instead of spreading it out among all the submodules/components

1 Comment

  1. Gregory Hutchins on June 17, 2022 at 1:24 PM

    Well done.

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