Risk Analysis in New Product Development Projects in the Technology Industry

Authors

  • Rachmiani Institut Tekhnologi Sains Muhammadiyah Kolaka Utara
  • Saddam Hussaen Universitas Bina Sarana Informatika image/svg+xml
  • Enggal Sriwardiningsih Universitas Bina Nusantara Jakarta

DOI:

https://doi.org/10.35870/ijmsit.v4i2.2901

Keywords:

Risk analysis, Product development projects, Technology industry, Risk management, Risk mitigation

Abstract

New product development projects in the technology industry are faced with various risks that can affect the success and sustainability of the project. This research aims to analyze the main risks that arise in the new product development process, including market, financial, regulatory, and technical risks. Through qualitative and quantitative approaches, this research identifies and evaluates the factors that influence each type of risk. The findings show that effective risk mitigation requires comprehensive planning, ongoing monitoring, and collaboration between various stakeholders. Practical recommendations are provided to assist project managers in managing risks and increasing the chances of project success.

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Author Biographies

  • Rachmiani, Institut Tekhnologi Sains Muhammadiyah Kolaka Utara

    Economics and Entrepreneurship, Institut Teknologi dan Sains Muhammadiyah Kolaka Utara, Indonesia

  • Saddam Hussaen, Universitas Bina Sarana Informatika

    Faculty of Engineering and Informatics, Computer Technology Study Program, Universitas Bina Sarana Informatika Jakarta Pusat, Indonesia

  • Enggal Sriwardiningsih, Universitas Bina Nusantara Jakarta

    Management Department, Binus Business School, Universitas Bina Nusantara Jakarta, Indonesia

References

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Muttaqin, P., Novitasari, N., & Setyawan, E. (2023). Risk management analysis in container yard development projects in eastern Indonesia. Motivection Journal of Mechanical Electrical and Industrial Engineering, 5(1), 173-186. https://doi.org/10.46574/motivection.v5i1.183

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Published

2024-07-18

Issue

Vol. 4 No. 2 (2024): July - December 2024

Section

Articles

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How to Cite

Rachmiani, R., Hussaen, S., & Sriwardiningsih, E. (2024). Risk Analysis in New Product Development Projects in the Technology Industry. International Journal of Management Science and Information Technology, 4(2), 218-227. https://doi.org/10.35870/ijmsit.v4i2.2901

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