Engineering risk

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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If Qualcomm doesn't demonstrate ongoing support for their devices in the Linux kernel, then Google (or a Chromebook OEM) would best significant engineering risk if an update needs to be made in the future.
In April 2015, Continental Reinsurance established a specialist subsidiary CPERS (Continental Property Engineering Risk Services) to target opportunities in construction and engineering insurance.
The Hyperloop is an engineering risk," Nomes said, "and these risks are actually much easier to understand than other types of emerging technology.
ACE Group has formed a new Global Property Engineering Unit, to provide engineering risk management services to clients across the world, and appointed Raimund Navakas as senior vice president of the new unit.
The staged process takes advantage of the low engineering risk at Old Pirate and allows the Company to keep up-front capital expenditure to a minimum.
SIQT included 131 individual test events and represented the culmination of a rigorous software engineering risk reduction and development phase.
Five years ago, when Avitabile sought an insurance partner to simplify his patchwork quilt of an insurance program and provide vital engineering risk services, FM Global stepped to the plate.
Based on the theory, the definition of drilling engineering risk is given below.
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.
The risk acceptance criteria are a complex attribute that results from three influenced factors, safety (personal risk and social risk), economy (potential economical loss, construction schedule) and environment, from a technical perspective of the basic classification of engineering risk (Li Dianqing et al; 2003).
The group added that the contract was the result of four years of collaborative work with Rolls-Royce focused on detailed engineering risk reduction activities associated with submarine propulsion system control.
Counsel must always elicit an agreement that the term "hazard" refers to the known engineering risk of injury or death associated with the anticipated use of the product.

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