Managing the Risks within Automotive Manufacturing

Risk is an inadvertent part of all projects. Nevertheless, organisations around the world are managing the risk to which they are exposed, and thereby increasing their competitive edge within the market place. However the majority of the transportation manufacturing sector has yet to realise the benefits attached to implementing risk management as part of their operations. This paper offers a Risk Management Methodology, specifically designed and applied within this sector of the manufacturing industry. It gives management of these manufacturing organisations a flexible, dynamic and simple-to-use framework from which the risks to their industry can be effectively managed and reduced. The benefits of applying this framework within the automotive sector have resulted in a decrease in the development time of products and processes.