IRMAS – development of a risk management tool for collaborative multi‐site, multi‐partner new product development projects

Purpose – The purpose of this paper is to develop comprehensive risk management tool, Intelligent Risk Mapping and Assessment System (IRMAS™) with a contingency for multi‐site, multi‐partner concurrent engineering projects with the aim of achieving above‐mentioned paradigms. Its unique knowledge warehouse enables the use of organisational knowledge, lessons learnt, captured as well as best practices to minimise risks in project management.Design/methodology/approach – IRMAS is designed to identify, prioritise, analyse and assist project managers to manage perceived sources of concurrent engineering risks. Several knowledge elicitation techniques were used to compile the knowledge used for the intelligent system developed. The core of the research is the reasoning methodology that not only supports the decision‐making process of the user, but also aids the knowledge retrieving, storing, sharing and updating process of manufacturing organisations.Findings – A total of 589 risk items were identified for diff...

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