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Engineering Risk

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Engineering risk
The risk associated with the impact on a project's cash flows from deficiencies in design or engineering. Also known as design risk.
Design Risk
The risk associated with potential flaws in the design of a good or its production and their effect on the project's cash flow. It is also known as engineering risk.
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HSB, which specialises in engineering risks, was bought from the distressed and partially-nationalised US insurer AIG group in a deal initially announced in December, a statement said.
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The resulting benefits of using Teja NP include accelerated time-to-market, the reduction of engineering risk and, most importantly, reliable, high-performance products that provide OEMs with a first-to-market advantage.
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