RISK TREATING IN EARLY LIFECYCLE PHASES

Identification and treatment of risks in early phases of a product lifecycle are becoming more commonplaces nowadays. Since state-of-art companies that want to keep up with competitors have to consider all actions which might prevent loses or customer's dissatisfaction. This paper deals with a new risk management procedure concerning the early phases of a product lifecycle. Proper risk identification in early phases may result in mitigation or removal of an impact that might cause considerable property, health or the environment losses in late phases of a product lifecycle. Phases of conceive and design are considered as early phases in this study. It is always very complicated to assess risks in an early phase of a project since almost no data is available. Therefore, this procedure has been developed to help to manage such risks. Procedure combines so far known methods and adds new possible steps that may be taken advantage of.