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Volume 11, Issue 02
The Spectrum of Risk Management in a Technology Company
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ITJ The Spectrum of Risk Management in a Technology Company
Intel Technology Journal - Featuring Intel's Recent Research and Development
The Spectrum of Risk Management in a Technology Company
Volume 11    Issue 02    Published May 16, 2007
ISSN 1535-864X    DOI: 10.1535/itj.1102.02
  Section 1 of 10  
Managing Product Development Risk
Allison Goodman PMP, Corporate Program Management Office, Intel Corporation
Esteri J. Hinman PMP, Corporate Platform Office, Intel Corporation
Doug Russell PMP, Corporate Program Management Office, Intel Corporation
Kerry Sama-Rubio, Corporate Platform Office, Intel Corporation

Index words: Risk Management, Product Development, Risk Methodology, Risk Database, HSD, Monte Carlo, Risk Assessment, Risk Identification, Risk Planning, Risk Tracking and Control, Risk Management Results

Citation for this paper: Goodman, A.; Hinman, E.; Russell, D.; Sama-Rubio, K. "Managing Product Development Risk." Intel Technology Journal. http://www.intel.com/technology/itj/2007/v11i2/
2-product-development/1-abstract.htm
(May 2007).
ABSTRACT

Product development at Intel has become increasingly complex as the company moves from delivering independent components to delivering usage-centric platform/ingredient systems. To better address the business issues that could prevent the success of the platform strategy, a product development risk process was developed and deployed. This process is based on the standard corporate risk management methodology and uses a database tool to provide consistent deployments across teams. The current process focuses on qualitative assessment of risks across product development. The deployment of this process has improved the quality of product development processes and reduced last-minute fire-fighting responses to issues. Active risk management. using common processes and tools has resulted in increased communication across large platform development teams, accelerated product launches, and quick responses to ecosystem changes. As teams gain experience in active risk management the focus will move towards more quantitative analysis. The future of product development risk management will tie schedule and risk management more closely together with Monte Carlo simulations to improve the predictability of launching a platform with the needed feature set in the time-to-market window.

  Section 1 of 10  

In This Article
Abstract
Introduction
Standard Risk Methodology
Standard Risk Management Tool
Behavioral Changes (Active Risk Management)
Results
Future of Risk Management in Product Development
Conclusion
Acknowledgments
Authors' Biographies
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