Chapter Product Life Cycle Risk Management

Every new product coming to the market usually brings with a certain amount of doubt concerning the likelihood of its success. In particular, hidden problems and risks which might appear later in the product’s service life could cause producers’ difficulties, costing them a lot of money. This might...

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Những tác giả chính: Tupa, Jiri, Steiner, Frantisek, Machac, Jan
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Ngôn ngữ:Tiếng Anh
Được phát hành: InTechOpen 2021
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Truy cập trực tuyến:ONIX_20210602_10.5772/intechopen.68797_383
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author Tupa, Jiri
Steiner, Frantisek
Machac, Jan
author_browse Machac, Jan
Steiner, Frantisek
Tupa, Jiri
author_facet Tupa, Jiri
Steiner, Frantisek
Machac, Jan
author_sort Tupa, Jiri
collection Directory of Open Access Books
description Every new product coming to the market usually brings with a certain amount of doubt concerning the likelihood of its success. In particular, hidden problems and risks which might appear later in the product’s service life could cause producers’ difficulties, costing them a lot of money. This might even result in product phaseout and a consequent loss of the company’s reputation. Hence, it is necessary to manage all product risks. Unfortunately, no comprehensive methodology, managing the entire product life cycle, has been developed so far. This paper presents a new risk management methodology that covers the entire product life cycle. The product life cycle and its management have become a present standard and an important element of the information structure of modern enterprises. A product life cycle comprises several phases; this helps make risk management easier because it is feasible to manage risk for each phase separately. Generally, this phase structure creates a closed and unceasing rotation of risk management tasks and is an important element in universal process improvement. The methodology is focused on prioritizing risks according to the customer’s needs and requirements. It can be applied to a large number of different products and industries.
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spelling doab-20.500.12854ir-702072025-08-13T14:11:36Z Chapter Product Life Cycle Risk Management Tupa, Jiri Steiner, Frantisek Machac, Jan risk management, product life cycle, risk analysis, product risk thema EDItEUR::T Technology, Engineering, Agriculture, Industrial processes::TN Civil engineering, surveying and building::TNK Building construction and materials thema EDItEUR::T Technology, Engineering, Agriculture, Industrial processes::TN Civil engineering, surveying and building::TNK Building construction and materials Every new product coming to the market usually brings with a certain amount of doubt concerning the likelihood of its success. In particular, hidden problems and risks which might appear later in the product’s service life could cause producers’ difficulties, costing them a lot of money. This might even result in product phaseout and a consequent loss of the company’s reputation. Hence, it is necessary to manage all product risks. Unfortunately, no comprehensive methodology, managing the entire product life cycle, has been developed so far. This paper presents a new risk management methodology that covers the entire product life cycle. The product life cycle and its management have become a present standard and an important element of the information structure of modern enterprises. A product life cycle comprises several phases; this helps make risk management easier because it is feasible to manage risk for each phase separately. Generally, this phase structure creates a closed and unceasing rotation of risk management tasks and is an important element in universal process improvement. The methodology is focused on prioritizing risks according to the customer’s needs and requirements. It can be applied to a large number of different products and industries. 2021-02-10T12:58:18Z 2021-06-02T10:11:00Z 2018 chapter ONIX_20210602_10.5772/intechopen.68797_383 https://library.oapen.org/handle/20.500.12657/49269 https://directory.doabooks.org/handle/20.500.12854/70207 eng open access image/jpeg image/jpeg image/jpeg n/a n/a n/a https://library.oapen.org/bitstream/20.500.12657/49269/1/55401.pdf https://library.oapen.org/bitstream/20.500.12657/49269/1/55401.pdf https://library.oapen.org/bitstream/20.500.12657/49269/1/55401.pdf InTechOpen 10.5772/intechopen.68797 10.5772/intechopen.68797 035ecc65-6737-43cf-a13a-6bdf67ce01f4 open access
spellingShingle risk management, product life cycle, risk analysis, product risk
thema EDItEUR::T Technology, Engineering, Agriculture, Industrial processes::TN Civil engineering, surveying and building::TNK Building construction and materials
thema EDItEUR::T Technology, Engineering, Agriculture, Industrial processes::TN Civil engineering, surveying and building::TNK Building construction and materials
Tupa, Jiri
Steiner, Frantisek
Machac, Jan
Chapter Product Life Cycle Risk Management
title Chapter Product Life Cycle Risk Management
title_full Chapter Product Life Cycle Risk Management
title_fullStr Chapter Product Life Cycle Risk Management
title_full_unstemmed Chapter Product Life Cycle Risk Management
title_short Chapter Product Life Cycle Risk Management
title_sort chapter product life cycle risk management
topic risk management, product life cycle, risk analysis, product risk
thema EDItEUR::T Technology, Engineering, Agriculture, Industrial processes::TN Civil engineering, surveying and building::TNK Building construction and materials
thema EDItEUR::T Technology, Engineering, Agriculture, Industrial processes::TN Civil engineering, surveying and building::TNK Building construction and materials
topic_facet risk management, product life cycle, risk analysis, product risk
thema EDItEUR::T Technology, Engineering, Agriculture, Industrial processes::TN Civil engineering, surveying and building::TNK Building construction and materials
thema EDItEUR::T Technology, Engineering, Agriculture, Industrial processes::TN Civil engineering, surveying and building::TNK Building construction and materials
url ONIX_20210602_10.5772/intechopen.68797_383
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