Fortune 100 industrial company implemented the Product Risk Framework methodology on an enterprise-wide scale to improve time-to-market and to reduce product failure
The company realized that product risk was the underlying cause for product failure and newer team members were missing important areas of risk when developing new products
The Product Risk Framework identified, evaluated, and prioritized the most impactful uncertainties for all incoming product ideas. The portfolio view enabled the team to understand the level of risk each product idea represented. Also, the project team tracked the resolution of uncertainty over time. The graphical package demonstrated how the project was performing over time and across multiple dimensions.