[design risk management]
Risk management for new product development
From concept, design, and engineering to manufacturing and distribution, we develop and integrate industry leading intelligence, research, and technology to create risk management solutions delivering a competitive business advantage.
Our risk management experts work with you to identify, manage and mitigate risks affecting your investments, infrastructure, products, inventories, supply-chains, safety, compliance, business, reputation, and other factors.
Among other approaches, we conduct Probabilistic Risk Assessment and Quantitative Risk Analysis (PRA/QRA) taking account of input uncertainties. We provide this PRA/QRA service for both existing infrastructure and new builds. We also use two tools to ensure our designs are engineered safely and with inherent quality and reliability. These are:
- Failure Mode Effects Analysis – FMEA
- Misuse Mode Effects Analysis – MMEA
Innovolo’s engineers, scientists, and other technical experts have years of hands-on industry experience, and help guide clients to protect assets, extend lifecycles, assure adequate quality and safety criteria, and much more. At Innovolo, we help you determine risks associated with your products, processes, manufacturing, assets and systems, and eliminate or manage these, so that they become a competitive advantage to your business.