Sources of Schedule Risk in Complex System Development
From one perspective, developing complex systems is an exercise in uncertainty reduction and risk management. In this article I first organize the principle sources of risk in product development into five categories: market risk, product performance risk, technology risk, development cost risk, and...
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| Format: | Presentation |
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2014
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| Online Access: | http://hdl.handle.net/1721.1/84142 |
| _version_ | 1826207880027570176 |
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| author | Browning, Tyson R. |
| author_facet | Browning, Tyson R. |
| author_sort | Browning, Tyson R. |
| collection | MIT |
| description | From one perspective, developing complex systems is an exercise in uncertainty reduction and risk management. In this article I first organize the principle sources of risk in product development into five categories: market risk, product performance risk, technology risk, development cost risk, and schedule risk. Second, I synthesize research findings from literature and interviews with experienced product development managers and system engineers at a major aerospace company regarding the sources of uncertainty underlying one of these categories, schedule risk. Relationships between these sources of schedule uncertainty are shown using a causal framework. The goal of this preliminary work is to highlight areas for increased attention in planning and management processes, while providing a systems view of the effects of certain actions. |
| first_indexed | 2024-09-23T13:56:25Z |
| format | Presentation |
| id | mit-1721.1/84142 |
| institution | Massachusetts Institute of Technology |
| last_indexed | 2024-09-23T13:56:25Z |
| publishDate | 2014 |
| record_format | dspace |
| spelling | mit-1721.1/841422019-04-11T07:19:13Z Sources of Schedule Risk in Complex System Development Browning, Tyson R. complex systems product development (PD) uncertainty risk From one perspective, developing complex systems is an exercise in uncertainty reduction and risk management. In this article I first organize the principle sources of risk in product development into five categories: market risk, product performance risk, technology risk, development cost risk, and schedule risk. Second, I synthesize research findings from literature and interviews with experienced product development managers and system engineers at a major aerospace company regarding the sources of uncertainty underlying one of these categories, schedule risk. Relationships between these sources of schedule uncertainty are shown using a causal framework. The goal of this preliminary work is to highlight areas for increased attention in planning and management processes, while providing a systems view of the effects of certain actions. 2014-01-22T20:35:15Z 2014-01-22T20:35:15Z 1998-07-26 Presentation Technical Report http://hdl.handle.net/1721.1/84142 Attribution-NonCommercial-ShareAlike 3.0 United States http://creativecommons.org/licenses/by-nc-sa/3.0/us/ application/pdf |
| spellingShingle | complex systems product development (PD) uncertainty risk Browning, Tyson R. Sources of Schedule Risk in Complex System Development |
| title | Sources of Schedule Risk in Complex System Development |
| title_full | Sources of Schedule Risk in Complex System Development |
| title_fullStr | Sources of Schedule Risk in Complex System Development |
| title_full_unstemmed | Sources of Schedule Risk in Complex System Development |
| title_short | Sources of Schedule Risk in Complex System Development |
| title_sort | sources of schedule risk in complex system development |
| topic | complex systems product development (PD) uncertainty risk |
| url | http://hdl.handle.net/1721.1/84142 |
| work_keys_str_mv | AT browningtysonr sourcesofscheduleriskincomplexsystemdevelopment |