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Project Risk Assessment

In: Hyperinnovation

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  • Chris Harris

Abstract

Embedded project risks need quantification when selecting a particular innovation to bring to market. Risks are project probabilities of outcome along a range of factors; the logic being, if at the earliest stages we can detect and quantify the critical project risks we can save considerable heartache as the project moves through its life cycle. Risks ranging from strategic fit, market timing, pricing, competition, technological evolution, legislation, feasibility, and above all, customer demands, all go into the melting pot of deciding whether to throw a concept in the waste basket (Cull), wait for a particular situation to arise (Hold), carry out more technological and/or customer research (Develop), or begin realisation or commercialisation (Go). Set below are 10 common project risk criteria:

Suggested Citation

  • Chris Harris, 2002. "Project Risk Assessment," Palgrave Macmillan Books, in: Hyperinnovation, chapter 0, pages 282-284, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-4039-0735-6_25
    DOI: 10.1057/9781403907356_25
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