Inherent Risks in any Project
Project success is dependent upon the relationship between and the management of the triple constraint: schedule, budget, and scope. Your projects may have more constraints, depending on your particular corporate culture and operating environment. But all projects are at risk because of things like:
- Incomplete product design
- Failure to design product for assembly or high volume manufacturing
- Lack of awareness of “best practices” in manufacturing methodology, technology or automation
- Lack of consideration for supporting, or related, systems or infrastructure
- Over- or under-sizing a solution
- Identifying an inappropriate or inadequate solution
- Not “valuing” the solution correctly, or at all
- Poor understanding of requirements for:
Each of these risks can adversely impact your ability to achieve your project’s goals.
The impact of risk
Unmitigated risk can take the form of delayed market entry and lost market share, unplanned investment, or sacrifices in deliverables. We want to help you to avoid these undesirable outcomes. Executing a design for manufacturability (DFM) or design for assembly (DFA) study, for example, can minimize scale-up and commercial production problems. Selecting a manufacturing plan based on a sound business case and thorough analysis can result in more accurate budget estimates and schedules. Using appropriate methodology, analytics, and modeling, our team of manufacturing and automation experts will do the pre-work necessary to identify risks and pre-emptive plans.
mitigating risk early
By taking the time at the beginning of a project—even before you commit to a facility or equipment or staffing—to uncover the unknowns and anticipate the risks, we can help you achieve success. Resources invested early and wisely will reduce the impact of changes later. Our desire is to help you accomplish your budget, schedule, and scope goals as originally established.