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Managing the Risk of Implementing New Technologies
Authors: L.C. McLean, C. Twigge-Molecey, F.M. Wheeler
36th Mechancial Working and Steel Processing Conference proceedings, ISS-AIME, 1995, Vol. XXXII, 291

Abstract

Approaches to increasing the probability of successfully implementing new technologies, through risk definition and management, will be explored. The individual stakeholders: owner/user, researchers and inventors, engineers, equipment vendors and financiers will be discussed from the perspective of:

  • their role in implementation
  • the incentives to participate
  • the level of risk involved

Examples of both successful and unsuccessful implementation of new technologies will be presented and discussed.

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