Risk Management

Risk management in product design and innovation involves identifying, assessing, and prioritizing potential risks that could impact the development and success of a product. It encompasses strategies to mitigate or eliminate these risks through careful planning, research, and iterative testing throughout the design and production processes. By effectively managing risks, organizations can enhance product reliability, ensure compliance with regulations, and ultimately drive successful market outcomes.

Typical Phase-Gate product design process

The Phase-Gate project model

or design project management in a nutshell in organized or regulated industries Based on the Product Development process, usually call

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