Risk Management in Product Design

Risk management in product design involves identifying, assessing, and mitigating potential problems that could affect the product's success. This process starts with analyzing aspects like safety, cost, and usability to foresee issues. Designers then prioritize risks based on their likelihood and impact. By addressing these concerns early, they can reduce failures, enhance user satisfaction, and save costs. Effective risk management ensures that the final product is safe, reliable, and meets market needs, ultimately supporting successful product launches and customer loyalty.