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Active Risk Management
Businesses often take risks to bring their products to market faster, pushing the technology envelop hard and shortening design cycles. The spoils go to those who successfully manage these risks.
When we develop new products, there are always things we need now that will not be known until we are further along in the process. But, assumptions can be wrong, delaying product introduction and causing embarrassment as the expectations of suppliers and their customers are dashed.
We might have no idea in advance how much iteration might be required until we obtain an adequate result. Iteration introduces schedule and budget risks.
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