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Risk management of developing assistive devices for elderly.

Yu-Tien Cheng¹, Huan-Ming Chuang, Chun Pei

¹Department of Information Management, National Yunlin University of Science and Technology, Yunlin, 123, University Road, Section 3, Douliou, Yunlin County 64002, Taiwan, ROC.

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Summary

This study identified critical risks in assistive device development using expert interviews. Key risks span planning, technology, production, performance, schedule, and cost, aiding product development strategies.

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Area of Science:

Engineering
Product Development
Risk Management

Background:

Assistive device development faces significant risks impacting success.
Effective risk identification is crucial for stable product development and market viability.

Purpose of the Study:

To identify and categorize critical risks in assistive device development.
To provide a framework for risk mitigation and monitoring in product innovation.

Main Methods:

The Delphi method was employed for expert interviews to pinpoint critical risks.
Mind mapping and layer expansion were utilized for risk analysis and visualization.

Main Results:

Twenty-six risk factors were identified across six constructs: product planning, technology development, production, performance, schedule management, and cost management.
Seven high-importance market analysis errors were specifically identified.
A knowledge map was developed to illustrate risk distribution.

Conclusions:

Understanding and addressing identified risks can enhance stability and success in new product development.
Organizational strategies informed by this risk assessment can facilitate effective risk mitigation and monitoring.