A Knowledge-Based Approach to Managing Product Development Risk

Date: Tuesday, May 1

Time: 9:00 a.m. - 4 p.m. with continental breakfast at 8:00 a.m. and lunch

$795 for full day workshop

In a highly competitive environment, firms that successfully identify, prioritize, and proactively mitigate product development risks will excel.  This intensive workshop provides an integrated set of practical tools for harnessing the knowledge and learning of an organization to achieve dramatic reductions in project risk.  Firms possess a wealth of knowledge that can be utilized to achieve this goal, including lessons learned from previous development projects, primary and secondary market data, previous solutions to technical problems, and “trigger lists” of known project risks. 

This knowledge can only provide a benefit, however, if it can be successfully coupled into the next challenging project.  Team-based, visual tools are described that allow the accurate identification and prioritization of project risks, and the tracking of overall project risk on a continuous basis throughout development.  Several unique and powerful risk mitigation approaches are suggested that employ the concept of rapid learning cycles in a pragmatic way to substantially reduce business-case risk, technical risk, and ultimately time-to-profit for new product introductions.