Project risk analysis in CAD

As projects become more technologically innovative and more organisationally complex, the risk of project failure increases. Computer aided design, as a leading edge technology, may be particularly liable to failure: the author investigates the possible application of risk assessment techniques to it. Performing risk assessment has a value both for internal use by designers, and as a tool for systematically assessing sub-contractors. It is of use not only for identifying possible causes of failure and determining their probabilities, but for maintaining an archive so that future cost and risk estimation may become more accurate. Points to be considered include the precision, completeness and logical consistency of proposal, the possibilities of modifications to it, the accuracies of individual work-packet estimates, the definitions of the interconnections between them, and the influences of competing work