%0 Journal Article
%T Extended Model of Managing Risk in New Product Development Projects
%A DuŁżan GoŁżnik
%J Managing Global Transitions
%D 2011
%I University of Primorska
%X The aim of this research was to study new product development (NPD)projects-related risks and the literature in this field, as well as to developa specific extendedmodel of managing risks in npd projects, whichwill consider the nature of NPD projects. Data were collected with thehelp of the developed questionnaire, and project managers with severalyears of experience in the field of NPD projects were included. Thedata and hypotheses were tested with the use of statistical methods. Resultsof the study show that for NPD projects, it seems to be crucial toplan risks in the early stages of the project, especially focused on thedefinition of the technical requirements for the product and the relatedclear project objectives. Poorly defined technical requirements for theproduct present an important risk related with the design uncertaintyof the product. The more imprecise the technical requirements for theproduct before the project starts, the higher is the design uncertaintyof the product after its development. Unclear project objectives havea significant effect on the time-delay of npd projects. The more impreciselythe project objectives are defined before the project starts, thegreater is the time-delay on the NPD project.
%K project management risk
%K factors
%K product development
%K planning
%K model
%U http://www.fm-kp.si/zalozba/ISSN/1581-6311/9_015-037.pdf