Relationship between risk management and concurrent engineering

relationship between risk management and concurrent engineering

The risk-based failure modes observed in the cases also demonstrate the important role of Concurrent Engineering in management of risk in innovative product. Keywords: concurrent engineering; project management; risk and . An IDEF3 model is used to model sequences of tasks and their relationship in this research . Knowledge is a requirement for concurrent engineering, and therefore an approach to capture and To manage concurrent engineering specific risks, the knowledge of the different tasks constituting Association for Project Management.

Concurrent Engineering/Design Process - Wikibooks, open books for an open world

Based on the created Ishikawa chart, the project team reviewed the WBS structure of the project of the pedal assembly, which was created by the principle of concurrent engineering loops and identified potential risk events in each activity.

The WBS structure of the CPR project consists of five tasks at the first level, the tasks representing concurrent engineering loops.

relationship between risk management and concurrent engineering

The project team amended the WBS structure of the project with assessed potential activity risks and transformed the structure into an itemized structure of project risks by adding potential risk events to the activities.

Itemized structure of activities and risks of loop 2 of the CPR project of the pedal assembly. The project team made a table of critical success factors for a qualitative and quantitative analysis of activity risks of the pedal assembly project.

For the activities, in which the risk is medium or high, preventive, or corrective measures and status indicators are foreseen. Table of critical success factors of loop 2 of the pedal assembly project part.

The table of the critical success factors empowered us to identify several potential risks in each activity and to take the maximum value as the level of activity risk. As the company uses Microsoft Project software for planning and managing projects, we used a standard template for activity risk management of the project Microsoft Project template.

Activity risk analysis of the pedal assembly project of loop 2 in MS Project part. The advantage of the suggested template for managing activity risks of the project is the fact that the software tool which serves for planning time, resources, and project activity costs can also be used to manage activity risks of the project.

Apart from the advantages, the suggested template also has a limitation. Assessment of probability of event occurrence. Assessment of consequences of event occurrence. Assessment of frequency of event occurrence.

Concurrent engineering

Level of risk and risk indicator in colors. Responsibility for risk management. Link to a document containing a detailed description of risks and measures.

relationship between risk management and concurrent engineering

The color of the risk indicator visually draws attention of the project manager and the team members to the level of risk of an individual activity and to foresee preventive and corrective measures. A level of risk of the entire project is interesting for a comparison of risk of a project with risks of other projects.

We decided based on Ref. Of course, an average risk level of a project can only be a statistical piece of data and can be deceiving if uncritically discussed. If a risk event occurs in these activities, the project might be seriously jeopardized in terms of foreseen scope, time, and cost. It can be determined that most risk events occur in loop 3, i. Overview of risks by CPR project loops.

Cognitive Factors and Risk Management of Concurrent Product Realisation

Overview of risks with respect to the level of risk. Both analyses performed show that the project of the concurrent realization of the pedal assembly is very risky and this demands from the project team to pay more attention to risk management of this project.

  • Risk Quantification for New Product Design and Development in a Concurrent Engineering Environment
  • Concurrent Engineering/Design Process
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The proposed method requires comprehensive approach for cognitive solving of the risk management problems of concurrent product realization with the use of three factors and three different views on the same risk, which provides better solutions based on team work.

Team work is based on a multidisciplinary team of different members for different organizational units of the company and external stakeholders.

This helps a company to detect and solve the main causes of risk based on different point of view taking into account various human and cognitive factors. This solution is integrated in the proposed model for cognitive risk management and supported with a template in the Microsoft Project software.

Conclusion This paper presented a problem of risk management in CPR projects that are market oriented, i.

Concurrent engineering - Wikipedia

It was determined that in such cyclically recurrent projects we frequently run into recurringly similar causes that cause a risk in the implementation of project activities. These risks most often occur because of poor team work, unfamiliarity with the tools of concurrent engineering and lack of cooperation and communication among activity performers working teams in concurrent engineering loops. Not only a team responsible for the implementation of the entire project is needed in the implementation of the concurrent engineering loops but also a need for creating working teams for the implementation of the loops [ 3 ].

relationship between risk management and concurrent engineering

Such team is made up of responsible persons of participants of organizational units who carry out activity loops. Since several activities are carried out in parallel, there is a need for permanent and direct communication between activity performers. Although such projects are cyclically recurrent in companies, it was established that the risk events keep occurring each time a project is repeated. This piece of data can be evaluated based on the evaluation of previously performed or completed projects.

This is an important indicator for the management of a company to urgently adopt adequate measures. Since the companies often use the Microsoft Project software to support project management, the Faculty of Mechanical Engineering of Ljubljana in cooperation with partner companies prepared an additional table in support of conventional templates. The first is the idea that all elements of a product's life-cycle—from functionality, production, assembly, testing, maintenance, environmental impact, and finally disposal and recycling—should be taken into careful consideration in the early design phases.

The idea is that the concurrent nature of these activities significantly increases productivity and product quality.

relationship between risk management and concurrent engineering

By locating and fixing these issues early, the design team can avoid what often become costly errors as the project moves to more complicated computational models and eventually into the actual manufacturing of hardware. This includes establishing user requirements, propagating early conceptual designs, running computational models, creating physical prototypes, and eventually manufacturing the product. Included in this process is taking into full account funding, workforce capability, and time requirements.

A study claimed that a correct implementation of the concurrent design process can save a significant amount of money, and that organizations have been moving to concurrent design for this reason.

Concurrent engineering replaces the more traditional sequential design flow, or "Waterfall Model". In this design system, a design team would not quickly look backward or forward from the step it is on to fix or anticipate problems. In the case that something does go wrong, the design usually must be scrapped or heavily altered. The concurrent or iterative design process encourages prompt changes of tack, so that all aspects of the life cycle of the product are taken into account, allowing for a more evolutionary approach to design.

Traditional "Waterfall" or Sequential Development Method vs.

relationship between risk management and concurrent engineering

Iterative Development Method in concurrent engineering.