Risk Management Throughout the Automotive Development Process Web Course RePlay

Automotive projects continue to grow in complexity. Studies provide a glimpse into the attributes of product development projects that have a high likelihood of failure. Knowing these attributes, the approach to the project can be structured to reduce the risks. For example, the scope of the project may already place the project at risk. Understanding the risks associated with the scope enables you to either reconsider the scope or work out strategies that will eliminate or at least mitigate the risks. In addition, your approach or strategy selected to meet the project demands will have significant impact on the results. Also, distribution of talent means you have to ensure your project manager and team know what risk is and the specific risk management process for this project.

This course discusses the attributes that signify a high probability of failure in product development, ways to assess the associated strategies to improve the probability of success, & demonstrates the processes & steps required for effective project risk management. Recognize the signs that a project is at risk before starting the work & proactively make the necessary adjustments with the sponsors/stakeholders to reduce those risks. Learn how to maximize the contribution from the team in regard to identifying, eliminating & remediating risks to ensure that greater awareness and attention is given to this area of the project beyond the project manager.