TRACK Workshop: Managing Risk in R&D

Event Type
Workshop
Location
Online
Date/Time
11/17/2021
1 pm - 4:30 pm

Risk Management

This workshop is designed to provide an introduction to risk management for R&D practitioners. Using insights from IRI studies, from the literature, and industrial experience, the workshop will allow the participants to understand and balance different types of risk on both an individual project and a project portfolio level.

Outline:

  • Risk tolerance and innovative culture
  • Types of risks and how they are measured
    • Technical
    • Commercial
    • Resource
    • Operational
  • Compensating for risk via the innovation process
  • “Risk Adjustment” methods for innovation metrics
  • Risk Profiles at the Portfolio Level

Who should attend:

Individuals who are contributors to New Product Development (NPD) projects and those in innovation management roles such as project or portfolio managers. Job roles that will benefit from this training include those responsible for balancing R&D project portfolios and those accountable for forecasting and tracking “risk-adjusted” innovation metrics.

Registration Fees: 

IRI Members: $295

Non Members: $395 

Due to limited seating, we request that you cancel at least 48 hours before a scheduled class. This gives us the opportunity to fill the class. However, if you do not cancel prior to the 48 hours, you will lose the payment for the class.


All IRI events are broadcast in Eastern Standard Time

Joel Schall

Innovation Process Director for General Manufacturing and Maintenance

Henkel

Joel Schall joined Henkel in 2001 as a polymer scientist in their Adhesives Research team. After 13 years developing rapid-cure adhesive technology in the laboratories, he was assigned to a global team responsible for reshaping the innovation process for Henkel’s Adhesives business. His team’s mandate was to develop a process that is aligned across all Adhesives business units and that helps Henkel "do the right projects" and "do projects right". Their new "Adhesives Development Process" was launched globally in October 2014. The team won Henkel’s Lion Award for Collaboration in 2015, and their process transformation helped Henkel Adhesives win PDMA’s Outstanding Corporate Innovator Award in 2017. Joel’s current role is Innovation Process Director for General Manufacturing and Maintenance as well as Industrial Adhesives.

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