Risk Management, The Ha Company Infrared Floor Heating System R & D Projects

The world has been developing with a rapid pace recently, and as a consequence, risk has become presence everywhere. Therefore the identification and evasion has been one of the most important factors in modern project management. Knowing how to apply risk identification and management on to the research and development of the new product will play a key role in determining whether an enterprise can achieve rapid and sustainable growth. Apart from that, the innovation of risk management can bring opportunities to the enterprise and hence improve the core competitiveness of the enterprise.This article will be discussing about the risk points during the process of research and development for the technology being used in the new products. Initially, the risk management system and the basics of the new product project will be discussed. In addition, a few important factors of the risk management being done during the research and development process will be discussed in detail, from the characteristics of the new product to the risk identification/evaluation/evasion and monitoring in risk management. The theories will be combined with the research and development of the new product of H.A. to assess the feasibility. This on one side makes this case more convincing, and on the other helps the enterprise to occupy and lead the market.The qualitative method and quantitative method are mainly used during the risk management analysis in this thesis. The qualitative methods includes:Risk tree identification method, Risk factors analysis method, AHP method etc. The quantitative methods includes:Possibility analysis method, Fail tree analysis, Design tolerance analysis and VaR method. Use mathematical model to support the risk management of the project during the research and development process of the new product. Each risk of the project is identified and will be evaluated separately.An appropriate method will be used to control and evade the risk to manage the risk during the R&D process in an appropriate manner. This ensures the smooth completion of the R&D process and acts as an R&D template for any future products and improve the core competitiveness of the enterprise.