Critical success factors for effective risk management in new product development

Muhammad Akram; Colin Pilbeam

doi:10.1109/IESM.2015.7380306

Critical success factors for effective risk management in new product development

Muhammad Akram, Colin Pilbeam

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

11 Citations (Scopus)

Abstract

In order for risk management (RM) to continue to provide strategic and operational value to improve NPD project performance, the process of RM has to be supported by certain critical success factors that ensure its success. Although there is a well-developed body of knowledge about RM tools and methods, the literature lacks any effort in providing guiding research on the critical success factors. By using systematic review methodology, this paper aims to fill in this significant gap and contribute to NPD literature in two ways. First, we identify and classify the various critical success factors from NPD literature. Next, these critical success factors will map the literature and offer a unifying framework that aggregates and structure these success factors in a parsimonious way.

Original language	English
Title of host publication	Proceedings of 2015 International Conference on Industrial Engineering and Systems Management (IESM)
Editors	J. M. Framinan, P. Perez Gonzalez, A. Artiba
Publisher	IEEE
Pages	1205-1212
Number of pages	8
ISBN (Electronic)	9782960053265, 9782960053258
DOIs	https://doi.org/10.1109/IESM.2015.7380306
Publication status	Published - 14 Jan 2016
Externally published	Yes
Event	International Conference on Industrial Engineering and Systems Management: The Road Ahead: Understanding Challenges and Grasping Opportunities in Industrial and Systems Engineering - University of Seville, Seville, Spain Duration: 21 Oct 2015 → 23 Oct 2015 Conference number: 6th

Conference

Conference	International Conference on Industrial Engineering and Systems Management
Abbreviated title	IESM 2015
Country/Territory	Spain
City	Seville
Period	21/10/15 → 23/10/15

Keywords

New product development , effective risk management , strategic operational value , NPD project performance , RM process , RM tools , RM methods , critical success factors
Effective risk management
Strategic operational value
NPD project performance
RM process
RM tools
RM methods
Critical success factors

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10.1109/IESM.2015.7380306

https://ieeexplore.ieee.org/document/7380306

Cite this

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title = "Critical success factors for effective risk management in new product development",

abstract = "In order for risk management (RM) to continue to provide strategic and operational value to improve NPD project performance, the process of RM has to be supported by certain critical success factors that ensure its success. Although there is a well-developed body of knowledge about RM tools and methods, the literature lacks any effort in providing guiding research on the critical success factors. By using systematic review methodology, this paper aims to fill in this significant gap and contribute to NPD literature in two ways. First, we identify and classify the various critical success factors from NPD literature. Next, these critical success factors will map the literature and offer a unifying framework that aggregates and structure these success factors in a parsimonious way.",

author = "Muhammad Akram and Colin Pilbeam",

year = "2016",

month = jan,

day = "14",

doi = "10.1109/IESM.2015.7380306",

language = "English",

pages = "1205--1212",

editor = "Framinan, {J. M.} and {Perez Gonzalez}, P. and A. Artiba",

booktitle = "Proceedings of 2015 International Conference on Industrial Engineering and Systems Management (IESM)",

publisher = "IEEE ",

note = "International Conference on Industrial Engineering and Systems Management : The Road Ahead: Understanding Challenges and Grasping Opportunities in Industrial and Systems Engineering, IESM 2015 ; Conference date: 21-10-2015 Through 23-10-2015",

}

Akram, M & Pilbeam, C 2016, Critical success factors for effective risk management in new product development. in JM Framinan, P Perez Gonzalez & A Artiba (eds), Proceedings of 2015 International Conference on Industrial Engineering and Systems Management (IESM). IEEE , pp. 1205-1212, International Conference on Industrial Engineering and Systems Management, Seville, Spain, 21/10/15. https://doi.org/10.1109/IESM.2015.7380306

Critical success factors for effective risk management in new product development. / Akram, Muhammad; Pilbeam, Colin.

Proceedings of 2015 International Conference on Industrial Engineering and Systems Management (IESM). ed. / J. M. Framinan; P. Perez Gonzalez; A. Artiba. IEEE , 2016. p. 1205-1212.

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

TY - GEN

T1 - Critical success factors for effective risk management in new product development

AU - Akram, Muhammad

AU - Pilbeam, Colin

N1 - Conference code: 6th

PY - 2016/1/14

Y1 - 2016/1/14

N2 - In order for risk management (RM) to continue to provide strategic and operational value to improve NPD project performance, the process of RM has to be supported by certain critical success factors that ensure its success. Although there is a well-developed body of knowledge about RM tools and methods, the literature lacks any effort in providing guiding research on the critical success factors. By using systematic review methodology, this paper aims to fill in this significant gap and contribute to NPD literature in two ways. First, we identify and classify the various critical success factors from NPD literature. Next, these critical success factors will map the literature and offer a unifying framework that aggregates and structure these success factors in a parsimonious way.

AB - In order for risk management (RM) to continue to provide strategic and operational value to improve NPD project performance, the process of RM has to be supported by certain critical success factors that ensure its success. Although there is a well-developed body of knowledge about RM tools and methods, the literature lacks any effort in providing guiding research on the critical success factors. By using systematic review methodology, this paper aims to fill in this significant gap and contribute to NPD literature in two ways. First, we identify and classify the various critical success factors from NPD literature. Next, these critical success factors will map the literature and offer a unifying framework that aggregates and structure these success factors in a parsimonious way.

U2 - 10.1109/IESM.2015.7380306

DO - 10.1109/IESM.2015.7380306

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BT - Proceedings of 2015 International Conference on Industrial Engineering and Systems Management (IESM)

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PB - IEEE

T2 - International Conference on Industrial Engineering and Systems Management

Y2 - 21 October 2015 through 23 October 2015

ER -

Critical success factors for effective risk management in new product development

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Keywords

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