Throughout this study, risk assessment has been considered “a systemic approach (Cooper and Edgett, 2008) in dynamically organizing and analyzing innovation project’s management knowledge and information for potentially hazardous activities that might pose risks under specified circumstances”. Following this definition, the driver to risk assessment is revealed to be deep knowledge. This transposed into innovation culture within the sector, firm, business unit or individual project manager. Gangadhar Yasam (PMP, PgMP, Ford Technology Services India) has evidenced how innovation culture has supported in risk assessment procedures. In his experience, in one of Ford’s last innovation projects (consolidating applications from acquired companies into the company’s system, incremental innovation project), has led the innovation team to spend additional time during the project analysis phase delivering the project on time and shortly under budget (Gale, 2010).
The driver to risk assessment is revealed to be deep knowledge…
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To read the original article: Risks of Incremental, Differential, Radical, and Breakthrough Innovation Projects | Innovation Management
