Solutions | Risk Management |
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Risk is the unavoidable probability that something will go wrong with your development program. But what if you were able to predict, prioritize and develop contingency plans for risk that would render it moot or enable your organization to rapidly recover if a risk becomes reality? Product development is fraught with risk, yet many product development teams choose to ignore risk management. Risk is always there; your only choice is to manage it or pretend to ignore it. If you ignore it, it will cause considerable disruption in your development process. But you can take steps to avoid risk, and also develop plans to mitigate it with minimum disruption to your schedule or budget. We help companies develop or strengthen their risk management approaches. In some cases we start with a clean slate, where no risk management is present. In other situations, we enhance existing risk management models to provide more measurable benefits to the company. We can also help you develop a combined model of risk management and FMEA (Failure Mode and Effects Analysis). The methods for risk management are remarkably simple; the real challenge is changing a culture to make everyone a “risk manager.” Our approach is to emphasize leadership, judgment and responsibility, collaborating with your team to demonstrate the verifiable value of risk management.  How we help you Our singular focus on product development consulting gives us a practical understanding of the tumultuous nature of your environment — a benefit many multi-discipline consulting groups cannot offer. We tailor risk management to fit the turbulent environment of product development. We know you have limited resources to allocate to risk management, so we offer simple approaches. We help you define only the model you need to address your specific situation — nothing more. Then we collaborate with your development team, through coaching, facilitation, and actual project work, deploying the risk management model and ensuring long-term benefits. We can also help improve your current FMEA model or establish a new one from scratch. Your key customers may require you to do FMEA for all new products, or you may have to fulfill a DoD FMEA demand. We can help you fulfill these requirements, and also derive all the benefits of a sound risk managment model. When we’re done, your team will have the judgment to develop a rational and actionable risk management plan, and the understanding that risk management is all about time-to-market and improved reliability. You’ll have an improved risk management model, or a new one, that delivers measurable results. But most important, your team will have taken the responsibility of managing the risks associated with product development. It all starts with a consultation directly with one of our Senior Experts during which we identify and prioritize your challenge -- risk free, no charge. |