Identify hazards and harm before they become a problem
It is mandated by law for companies to effectively identify all the potential risks, hazards, and harm that could occur while using a product before it enters the market. Risk Management in Aras Innovator helps risk managers identify, evaluate, analyze, assess, and mitigate potential product issues, hazards, and harm in a structured workflow.
From Identification, Assessment, and Management to Risk Reduction
The Risk Management application provides all functionalities you need to manage risk as part of the product development lifecycle. With a structured approach like the V-model product development process, you can:
- Identify hazards and risk factors that can potentially cause harm during the entire product lifecycle.
- Analyze and evaluate the risks associated with hazards.
- Determine ways to eliminate issues, and if impossible, determine a way to limit the risk of the product issue.