Risk Management Throughout the Automotive Development Process Web Course RePlay




Jon Quigley discusses the importance of this course.

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.

Learning Objectives

By participating in this course, you'll be able to:

  • Identify the risks to project success based upon the structure and scope making it possible to create plans to address and mitigate the risk
  • Calculate the probability of connected events and identify the probability of the chain of events
  • Evaluate various proposed solutions through demonstrated techniques and project strategies and differentiate the least risky solution
  • Diagram the risk management process
  • Differentiate quantitative and qualitative risk evaluation techniques
  • Explain the need for specific metrics associated with project and product risk
  • Identify key metrics associated with risks and explain the need for metrics
  • Identify the monitoring process and then describe an effective monitoring scheme and the connection to metrics
  • Define and calculate contingency budgets
  • Build a risk register and debate / justify the severity and probability
Who Should Attend

This course addresses the needs of aspiring project managers, project managers, project engineers, manufacturing engineers and managers in the engineering, manufacturing, product testing and supplier quality assurance fields. It is helpful to be working in the automotive industry as an OEM or a tier 1 or tier 2 supplier as the risk discussion spans the gamut of the product development cycle for these industries.

Meta TagsDetails
Additional Details
Product Code
Content Type