Risk management methodology covering the entire product lifecycle

Abstract

This paper deals with a new risk management methodology covering the entire product lifecycle. Since, no complex and lucid methodology involving all product lifecycle phases has ever occurred. Currently, not all phases are covered or different risk management methods are used for single phases. The proposed methodology copes with two types of risks which may occur during the life-cycle. Predictive risk are the first type and incident investigation the second. At the beginning of an each phase, all possible risks entering the process are considered. These risks are taken into consideration during the entire cycle. Nevertheless, some risk may stay undiscovered and impact. Then incident investigation starts in order to identify risks. The identified risks are treated and considered. Generally, it can be said the methodology makes a closed and neverending circle of risk management. It is a part of universal process improvement.