Risk-based design for multidisciplinary complex systems

by Farhangmehr, Farzaneh

The ultimate goal of large-scale design organizations are mainly to reduce costs and improve reliability and performance of systems while assessing how much risk (cost, schedule, scope) they can take and still remain competitive. To achieve this goal they need to develop tools to reach the most preferred design product while reducing the time of decision making during the design process, time to market and total costs, as well as increasing reliability, safety, satisfactory, performance. In addition, they should understand attitudes toward risk; know where more information is needed and identify critical factors and assumptions underlying decisions to aid in the design and development cycle of complex systems.

To address these needs, this research introduces design organizations can capture, assess, and efficiently and effectively communicate uncertainty through their design processes, and as a result, improve their capacity for delivering complex systems that meet cost, schedule, and performance objectives.