Innovative companies that produce products based on specific customer requirements, in single pieces or small batches, using materials, components or processes that are not known to production or engineering, face a risk, sometimes minimal, but often important.
The lack of experience in using a particular material or workmanship, the acquisition of a particular machine for the realization of a single piece and the use of well-known procedures, but in an unknown context, like a construction site in difficult areas... are all risks that need to be assessed and estimated. The designer must be able to communicate these risks clearly and effectively, so that they can be evaluated, quantified, and monetized.
The aim is therefore to be able to translate purely qualitative concepts, such as inexperience, the applicability' of certain combinations of materials and components, the effectiveness of procedures, processes, and methodologies new or unknown, in numerical values, that can be read, explained, and above all, compared, thus giving the possibility' at each company level to compare the risks arising from the multiple possible engineering choices that an innovative project poses to the company.
Project risk analysis using TRL methodology
Thanks to the skills acquired in the field of project risk analysis, using the TRL (Technology Readiness Level), methodology, we can provide you with a tool to help you evaluate and estimate the risk value of your project.
- Predictive analysis based on historical data and correlations assesses the level of project risk.
- Model based on TRL (Technology Readiness Level) methodology to evaluate the degree of technological maturity of a new design context.
- Risk assessment model associated with high-tech innovative contexts.
- Business applications related to technological innovation and the development of new products/projects.
Project risk assessment is based on information that represents your company’s know-how. The materials, or the raw materials with which production normally processes, the components or assemblies that the company does not produce but which it purchases from outside, the processes that the production carries out to obtain the finished product, the projects previously carried out and the results of the experimental tests.
By associating each of them with a "TRL" value and an "impact factor", we are able to evaluate the actual "Technology Readiness Level" of each project or part of it that will be evaluated.
- Complete analysis of design risks.
- Saving on any costs due to design errors or failures.
- Indication of the best design direction to be taken by the company.
- More clarity on what type of actions the company must perform such as insurance and commercial.
A tool for risk analysis derived from our expertise and experience in the field
Interlem has created a tool for a world leader in the manufacturing sector, based on the TRL methodology, for the assessment of project risk related to the technical maturity of components and processes. The objectives achieved were: reduction of the risk of failure of the project and minimization of errors that would entail additional costs for the company.