A decision-making tool for assess feasibility of risky NPD projects under the constraint of limited resources
Résumé
The project management team has to conciliate respect of contractual commitment and resource availability. At the same time, the market becomes more and more demanding as far as costs and delays are concerned while expecting a high quality level. Then, the project management team has to continuously consider innovation and a risk management strategy in order to determine the best balance between ben- efits and risks but also the critical resource availability to make realistic decision. Based on the principles of a synchro- nized process between risk management and project man- agement, and on the concepts of risk scenario, we propose a decision-making tool to help the project manager choose the best way to improve project practices while controlling the level of risks and the feasibility of the planning. As a finding, the project manager would be able to evaluate and compare different innovations or development strategies according to potential risks and risk treatment strategies. Finally, a case study in the aerospace industry and specifically on satellite integration and tests is developed to validate this approach.