Objective
Objectives and content
This project concerns product development risk. The
risks in product development, particularly in the area of
product innovation, are high, and special methods will be
developed to identify, evaluate and control these risks.
There are many different schemes available for product
development and product introductions, but none
specifically address the risk issues in a coherent and
integrated fashion.
Risk is a broad area of research in terms of the subject
area (physical, environmental, financial, etc) and in
terms of the different technologies which can be brought
to bear for example those from reliability. It also is
studied at different levels in companies from the
strategic level (where holistic models are sought) to the
more detailed technical level. The present project will
fuse together the human end of risk, in terms of risk
identification, and the technical end of risk, based on
advanced methods from statistical decision theory. This
combined strategy will be applied to the product
development risk itself.
Following initial stages of process capture and risk
identification and evaluation a decision is made on
whether to proceed with a product, and then the Risk
Planning Process will use a sophisticated "risk engine"
based on Bayesian belief networks to manage the risk
aspect of the product development itself. These methods
allow, in particular, the merging of subjective beliefs
with hard data. These stages will be integrated into a
software package combining the soft and hard risk
methodologies with the various stages of product
development.
The project should have wide applicability across a
number of industries, which are well represented by the
different sectorial responsibilities of the industrial
partners. The academic partners will be supplying highlevel inputs in the area of risk, including human
factors, and statistical, mathematical and financial
methodologies.
Research areas covered by the proposal are 2.2 3A.1 and
3B.1.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
You need to log in or register to use this function
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Data not available
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Coordinator
10043 ORBASSANO
Italy
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.