1,206
Views
2
CrossRef citations to date
0
Altmetric
Original Articles

Examining the State of Risk Management Research in New Product Development Process

, , &

References

  • Ahmed, A., Kayis, B., & Amornsawadwatana, S. (2007). A review of techniques for risk management in projects. Benchmarking: An International Journal, 14(1), 22–36. doi:10.1108/14635770710730919
  • Ahn, J. O., Jeung, H. S., Kim, J. S., & Choi, H. G. (2008, September). A framework for managing risks on concurrent engineering basis. Management of Innovation and Technology, 2008. ICMIT 2008. 4th IEEE International Conference on Bangkok, Thailand (pp. 293–298). IEEE.
  • Akomode, O. J. (1999). Evaluating risks in new product development and the satisfaction of customers through technology. Production Planning & Control, 10(1), 35–47. doi:10.1080/095372899233406
  • Akram, M., & Pilbeam, C. (2015, October). Critical success factors for effective risk management in new product development. Industrial Engineering and Systems Management (IESM), 2015 International Conference on Seville, Spain (pp. 1205–1212). IEEE.
  • Ayala-Cruz, J. (2016). Project risk planning in high-tech new product development. Academia Revista Latinoamericana De Administración, 29(2), 110–124. doi:10.1108/ARLA-11-2015-0297
  • Badhotiya, G. K., Soni, G., Chauhan, A. S., & Prakash, S. (2016). Green supply chain management: Review and framework development. International Journal of Advanced Operations Management, 8(3), 200–224. doi:10.1504/IJAOM.2016.081305
  • Bahill, A. T., & Smith, E. D. (2009). An industry standard risk analysis technique. Engineering Management Journal, 21(4), 16–29. doi:10.1080/10429247.2009.11431841
  • Bharathy, G. K., & McShane, M. K. (2014). Applying a systems model to enterprise risk management. Engineering Management Journal, 26(4), 38–46. doi:10.1080/10429247.2014.11432027
  • Caillaud, E., Gourc, D., Garcia, L. A., Crossland, R., & McMahon, C. (1999). A framework for a knowledge-based system for risk management in concurrent engineering. Concurrent Engineering, 7(3), 257–267. doi:10.1177/1063293X9900700307
  • Carbone, T. A., & Tippett, D. D. (2004). Project risk management using the project risk FMEA. Engineering Management Journal, 16(4), 28–35. doi:10.1080/10429247.2004.11415263
  • Chang, K. H. (2014). A more general risk assessment methodology using a soft set-based ranking technique. Soft Computing-A Fusion of Foundations, Methodologies and Applications, 18(1), 169–183.
  • Chaudhuri, A., Mohanty, B. K., & Singh, K. N. (2013). Supply chain risk assessment during new product development: A group decision making approach using numeric and linguistic data. International Journal of Production Research, 51(10), 2790–2804. doi:10.1080/00207543.2012.654922
  • Chauhan, A. S., Badhotiya, G. K., Soni, G., & Rathore, A. P. S. (2017). Analysis of success factors for a new product development initiative in indian automotive industry: An ISM approach. International Journal of Advanced Operations Management, 9(4), 246–263. doi:10.1504/IJAOM.2017.10010984
  • Chauhan, A. S., Yadav, O. P., Soni, G., & Jain, R. (2017, January). A holistic approach to manage risks in NPD process. Reliability and Maintainability Symposium (RAMS), 2017 Annual, Orlando, FL, USA (pp. 1–5). IEEE.
  • Cheng, Y. T., Chuang, H. M., & Pei, C. (2011). Risk management of developing assistive devices for elderly. Archives of Gerontology and Geriatrics, 52(3), e145–e151. doi:10.1016/j.archger.2010.10.001
  • Chiang, T. A., & Che, Z. H. (2010). A fuzzy robust evaluation model for selecting and ranking NPD projects using Bayesian belief network and weight-restricted DEA. Expert Systems with Applications, 37(11), 7408–7418. doi:10.1016/j.eswa.2010.04.034
  • Chin, K. S., Tang, D. W., Yang, J. B., Wong, S. Y., & Wang, H. (2009). Assessing new product development project risk by Bayesian network with a systematic probability generation methodology. Expert Systems with Applications, 36(6), 9879–9890. doi:10.1016/j.eswa.2009.02.019
  • Choi, D. W., Kim, J. S., & Choi, H. G. (2009). Determination of integrated risk degrees in product development project. Proceedings of the World Congress on Engineering and Computer Science, San Francisco, USA (Vol. 2, pp. 20–22).
  • Choi, H. G., & Ahn, J. (2010). Risk analysis models and risk degree determination in new product development: A case study. Journal of Engineering and Technology Management, 27(1), 110–124. doi:10.1016/j.jengtecman.2010.03.006
  • Choi, H. G., Ahn, J. O., Jeung, H. S., & Kim, J. S. (2010). A framework for managing risks on concurrent engineering basis. International Journal of Management Science and Engineering Management, 5(1), 44–52.
  • Choi, H. G., & Choi, D. (2012). Framework development for optimizing responses to NPD risks. International Journal of Management Science and Engineering Management, 7(3), 229–240.
  • Connell, J., Edgar, G. C., Olex, B., Scholl, R., Shulman, T., & Tietjen, R. (2001). Troubling successes and good failures: Successful new product development requires five critical factors. Engineering Management Journal, 13(4), 35–39. doi:10.1080/10429247.2001.11415136
  • Cooper, L. P. (2003). A research agenda to reduce risk in new product development through knowledge management: A practitioner perspective. Journal of Engineering and Technology Management, 20(1), 117–140. doi:10.1016/S0923-4748(03)00007-9
  • Cooper, R. G. (1981). The components of risk in new product development: Project new prod. R&D Management, 11(2), 47–54. doi:10.1111/j.1467-9310.1981.tb00449.x
  • Coppendale, J. (1995). Manage risk in product and process development and avoid unpleasant surprises. Engineering Management Journal, 5(1), 35–38.
  • Denning, S. (2013). What went wrong at Boeing. Strategy & Leadership, 41(3), 36–41. doi:10.1108/10878571311323208
  • Dewi, D. S., Syairudin, B., & Nikmah, E. N. (2015). Risk management in new product development process for fashion industry: Case study in hijab industry. Procedia Manufacturing, 4, 383–391. doi:10.1016/j.promfg.2015.11.054
  • Duff, A. (1996). The literature search: A library-based model for information skills instruction. Library Review, 45(4), 14–18. doi:10.1108/00242539610115263
  • Elstner, S., & Krause, D. (2014). Methodical approach for consideration of ramp-up risks in the product development of complex products. Procedia CIRP, 20, 20–25. doi:10.1016/j.procir.2014.05.027
  • Gosnik, D. (2011). Extended model of managing risk in new product development projects. Managing Global Transitions, 9(1), 15.
  • Goswami, M., & Tiwari, M. K. (2014). A predictive risk evaluation framework for modular product concept selection in new product design environment. Journal of Engineering Design, 25(1–3), 150–171. doi:10.1080/09544828.2014.921806
  • Guo, L. (2008). Perspective: An analysis of 22 years of research in JPIM. Journal of Product Innovation Management, 25(3), 249–260. doi:10.1111/j.1540-5885.2008.00298.x
  • Kardes, I., Ozturk, A., Cavusgil, S. T., & Cavusgil, E. (2013). Managing global megaprojects: Complexity and risk management. International Business Review, 22(6), 905–917. doi:10.1016/j.ibusrev.2013.01.003
  • Kayis, B., Arndt, G., Zhou, M., & Amornsawadwatana, S. (2007a). A risk mitigation methodology for new product and process design in concurrent engineering projects. CIRP Annals-Manufacturing Technology, 56(1), 167–170. doi:10.1016/j.cirp.2007.05.040
  • Kayis, B., Arndt, G., Zhou, M., Savci, S., Khoo, Y. B., & Rispler, A. (2006). Risk quantification for new product design and development in a concurrent engineering environment. CIRP Annals-Manufacturing Technology, 55(1), 147–150. doi:10.1016/S0007-8506(07)60386-2
  • Kayis, B., Zhou, M., Savci, S., Khoo, Y. B., Ahmed, A., Kusumo, R., & Rispler, A. (2007b). IRMAS–Development of a risk management tool for collaborative multi-site, multi-partner new product development projects. Journal of Manufacturing Technology Management, 18(4), 387–414. doi:10.1108/17410380710743770
  • Keizer, J. A., & Halman, J. I. (2007). Diagnosing risk in radical innovation projects. Research-Technology Management, 50(5), 30–36. doi:10.1080/08956308.2007.11657459
  • Keizer, J. A., & Halman, J. I. (2009). Risks in major innovation projects, a multiple case study within a world’s leading company in the fast moving consumer goods. International Journal of Technology Management, 48(4), 499–517. doi:10.1504/IJTM.2009.026691
  • Kimbrough, R. L., & Componation, P. J. (2009). The relationship between organizational culture and enterprise risk management. Engineering Management Journal, 21(2), 18–26. doi:10.1080/10429247.2009.11431803
  • Kirkire, M. S., Rane, S. B., & Jadhav, J. R. (2015). Risk management in medical product development process using traditional FMEA and fuzzy linguistic approach: A case study. Journal of Industrial Engineering International, 11(4), 595. doi:10.1007/s40092-015-0113-y
  • Krishnan, V., & Ulrich, K. T. (2001). Product development decisions: A review of the literature. Management Science, 47(1), 1–21. doi:10.1287/mnsc.47.1.1.10668
  • Li, N., Li, X., Shen, Y., Bi, Z., & Sun, M. (2015). Risk assessment model based on multi-agent systems for complex product design. Information Systems Frontiers, 17(2), 363. doi:10.1007/s10796-013-9452-7
  • Littler, D., Leverick, F., & Bruce, M. (1995). Factors affecting the process of collaborative product development: A study of UK manufacturers of information and communications technology products. Journal of Product Innovation Management, 12(1), 16–32. doi:10.1016/0737-6782(94)00025-B
  • Marmier, F., Deniaud, I. F., & Gourc, D. (2014). Strategic decision-making in NPD projects according to risk: Application to satellites design projects. Computers in Industry, 65(8), 1107–1114. doi:10.1016/j.compind.2014.06.001
  • Mehrjerdi, Y. Z., & Dehghanbaghi, M. (2013). A dynamic risk analysis on new product development process. Int J Ind Eng Prod Res, 24(1), 17–35.
  • More, R. A. (1982). Risk factors in accepted and rejected new industrial products. Industrial Marketing Management, 11(1), 9–15. doi:10.1016/0019-8501(82)90029-3
  • Mousaei, A., & Hatefi, M. A. (2014). Designing a model for know-how commercialisation with risk assessment in R&D centres. International Journal of Business Continuity and Risk Management, 5(2), 147–164. doi:10.1504/IJBCRM.2014.064494
  • Mu, J., Peng, G., & MacLachlan, D. L. (2009). Effect of risk management strategy on NPD performance. Technovation, 29(3), 170–180. doi:10.1016/j.technovation.2008.07.006
  • Neumann, M., Sporbeck, M., Sadek, T., & Bender, B. (2015). A model based approach to support risk management in innovation projects. Modelling and Management of Engineering Processes (pp. 35–46). Berlin, Heidelberg. Springer.
  • Oehmen, J., Ben-Daya, M., Seering, W., & Al-Salamah, M. (2010, January). Risk management in product design: Current state, conceptual model and future research. In ASME 2010 International Design Engineering Technical Conferences and Computers and Information in Engineering Conference (IDETC/CIE2010), 36th Design Automation Conference, Parts A and B, ASME, Montréal, Canada (Vol. 1, pp. 1033–1041).
  • Oehmen, J., Dick, B., Lindemann, U., & Seering, W. (2006). Risk management in product development–Current methods. DS 36: Proceedings DESIGN 2006, the 9th International Design Conference, Dubrovnik, Croatia.
  • Oehmen, J., Olechowski, A., Kenley, C. R., & Ben-Daya, M. (2014). Analysis of the effect of risk management practices on the performance of new product development programs. Technovation, 34(8), 441–453. doi:10.1016/j.technovation.2013.12.005
  • Osborne, S. M. (1993). Product development cycle time characterization through modelling of process iteration. (Master's thesis, MIT), Cambridge, Massachusetts, USA.
  • Park, S., Kim, J., & Choi, H. G. (2011). A risk management system framework for new product development (NPD). Economics and Finance Research, 4, 51–56.
  • Pickshaus, T., Kandt, A., Hesse, S., Fleischer, K., & Schmitt, R. (2016). A holistic approach to risk oriented lifecycle engineering: Assessing lifecycle risks in early phases. Procedia CIRP, 48, 265–270. doi:10.1016/j.procir.2016.03.152
  • Porananond, D., & Thawesaengskulthai, N. (2014). Risk management for new product development projects in food industry. Journal of Engineering, Project, and Production Management, 4(2), 99.
  • Prakash, S., Soni, G., & Rathore, A. P. S. (2017). A critical analysis of supply chain risk management content: A structured literature review. Journal of Advances in Management Research, 14(1), 69–90. doi:10.1108/JAMR-10-2015-0073
  • Qazi, A., Quigley, J., Dickson, A., & Kirytopoulos, K. (2015, October). Modelling project complexity driven risk paths in new product development. Industrial Engineering and Systems Management (IESM), 2015 International Conference on Seville, Spain (pp. 938–945). IEEE.
  • Rane, S. B., & Kirkire, M. S. (2017). Interpretive structural modelling of risk sources in medical device development process. International Journal of System Assurance Engineering and Management, 8(1), 451–464. doi:10.1007/s13198-015-0399-6
  • Salavati, M., Tuyserkani, M., Mousavi, S. A., Falahi, N., & Abdi, F. (2016). Improving new product development performance by risk management. Journal of Business & Industrial Marketing, 31(3), 418–425. doi:10.1108/JBIM-04-2013-0090
  • Sarka, P., & Ipsen, C. (2017). Knowledge sharing via social media in software development: A systematic literature review. Knowledge Management Research & Practice, 15(4), 1–16.
  • Savci, S., & Kayis, B. (2006). Knowledge elicitation for risk mapping in concurrent engineering projects. International Journal of Production Research, 44(9), 1739–1755. doi:10.1080/00207540500445321
  • Segismundo, A., & Miguel, P. A. C. (2008a). Failure mode and effects analysis (FMEA) in the context of risk management in new product development: A case study in an automotive company. International Journal of Quality & Reliability Management, 25(9), 899–912. doi:10.1108/02656710810908061
  • Segismundo, A., & Miguel, P. A. C. (2008b). Risk management in the development of new products: A review and classification of the literature. Product: Management & Development, 6(1), 45–51.
  • Skelton, T. M., & Thamhain, H. J. (2006, July). A stakeholder approach to minimizing risks in complex projects. Technology Management for the Global Future, 2006. PICMET 2006, Istanbul, Turkey (Vol. 5, pp. 2203–2208). IEEE.
  • Song, W., Ming, X., & Xu, Z. (2013). Risk evaluation of customer integration in new product development under uncertainty. Computers & Industrial Engineering, 65(3), 402–412. doi:10.1016/j.cie.2013.04.001
  • Steen, R. (2015). A risk assessment approach to support the launching of new products, services or processes. International Journal of Business Continuity and Risk Management, 6(1), 17–35. doi:10.1504/IJBCRM.2015.070347
  • Sundaram, K., Chakravarty, A., Lough, K. G., & Ditch, D. (2007, January). Identifying risk at the conceptual phase of product design: A software solution. ASME 2007 International Design Engineering Technical Conferences and Computers and Information in Engineering Conference, Las Vegas, Nevada, USA (pp. 291–298). American Society of Mechanical Engineers.
  • Susterova, M., Lavin, J., & Riives, J. (2012). Risk management in product development process. Annals of DAAAM, 23(1), 225–228.
  • Szwejczewski, M., Mitchell, R., & Lemke, F. (2008). Risk measurement and management during new product development: An exploratory study. International Journal of Risk Assessment and Management, 9(3), 277–287. doi:10.1504/IJRAM.2008.019745
  • Tang, D., Yang, J. B., Chin, K. S., Wong, Z. S., & Liu, X. (2011). A methodology to generate a belief rule base for customer perception risk analysis in new product development. Expert Systems with Applications, 38(5), 5373–5383. doi:10.1016/j.eswa.2010.10.018
  • Thamhain, H. J., & Skelton, T. M. (2007). Success factors for effective R&D risk management. International Journal of Technology Intelligence and Planning, 3(4), 376–386. doi:10.1504/IJTIP.2007.016307
  • Ulrich, K. T., Eppinger, S. D., & Goyal, A. (2009). Product Design and Development. 4th SIE, New Delhi, India. Tata McGraw-Hill Education.
  • Wang, J., Lin, W., & Huang, Y. H. (2010). A performance-oriented risk management framework for innovative R&D projects. Technovation, 30(11), 601–611. doi:10.1016/j.technovation.2010.07.003
  • Wu, D. D., Kefan, X., Gang, C., & Ping, G. (2010). A risk analysis model in concurrent engineering product development. Risk Analysis, 30(9), 1440–1453. doi:10.1111/j.1539-6924.2010.01432.x
  • Yadav, O. P., Nepal, B. P., & Jain, R. (2007). Managing product development process complexity and challenges: A state-of-the art review. Journal of Design Research, 6(4), 487–508. doi:10.1504/JDR.2007.016853
  • Yang, Q., Zhang, X., & Yao, T. (2012). An overlapping-based process model for managing schedule and cost risk in product development. Concurrent Engineering, 20(1), 3–17. doi:10.1177/1063293X12438701
  • Zhang, X., Yang, Y., & Su, J. (2015). Risk identification and evaluation of customer collaboration in product development. Journal of Industrial Engineering and Management, 8(3), 928. doi:10.3926/jiem.1423
  • Zhang, Y., Men, X., Wang, H., & Zhou, Q. (2013). Analysis on technical risk of product development. Proceedings of the International Conference on Information Engineering and Applications (IEA) 2012 (pp. 353–359). London, UK. Springer.
  • Zhang, Z., & Chu, X. (2011). Risk prioritization in failure mode and effects analysis under uncertainty. Expert Systems with Applications, 38(1), 206–214. doi:10.1016/j.eswa.2010.06.046
  • Zhao, S., Oduncuoglu, A., Hisarciklilar, O., & Thomson, V. (2014). Quantification of cost and risk during product development. Computers & Industrial Engineering, 76, 183–192. doi:10.1016/j.cie.2014.07.023
  • Zhao, Y., & Cao, H. (2015). Risk management on joint product development with power asymmetry between supplier and manufacturer. International Journal of Project Management, 33(8), 1812–1826. doi:10.1016/j.ijproman.2015.08.008

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.