André Segismundo and Paulo Augusto Cauchick Miguel
Effectively managing risk is an essential element of successful project management. In this sense, the present study seeks to propose a systematisation of technical risk…
Abstract
Purpose
Effectively managing risk is an essential element of successful project management. In this sense, the present study seeks to propose a systematisation of technical risk management through the use of FMEA to optimise the decision making process in new product development (NPD).
Design/methodology/approach
The methodological approach adopted in this paper is a case study at an automaker in Brazil. Data were gathered from various sources, mostly participant observation and document analysis of two important NPD programmes. The risk management system was described and its influence on programs development analysed.
Findings
Results included a reduction in the number of project and test planning loopings as well as a reduced number of prototypes needed to approve product components. In addition, there was a positive influence on the product development decision‐making process, evidenced by better allocation of resources among projects at the programme.
Research limitations/implications
The study is limited to a single case study which considers two major NPD programmes. Replications among other units of analysis are needed to further validate current findings.
Originality/value
This paper is one of the few published studies that report and discuss the FMEA within a broad context of risk analysis.
Details
Keywords
Provides an overview of the evolution of Spanish economic policy throughout the nineteenth century and considers the economic thought of the Spanish professor of this time…
Abstract
Provides an overview of the evolution of Spanish economic policy throughout the nineteenth century and considers the economic thought of the Spanish professor of this time. Discusses the work of Heinrich von Stackelberg while he was based in Spain from 1943. Suggests that Stackelberg’s ideas were key to the quantum leap in Spanish economic policy, abandoning utilitarian historicism which had permeated it up to then.