Technical Risk Management plays a vital role for risks mitigation process. During the recent past, huge efforts have been made to perform Technical Risk Management during components development for different complex series products. Therefore a large database is available describing risk of failure scenarios combined with the estimations of technical as well as monetary impacts, time losses and risk probabilities for different major components of the complex machinery. The notion that there exists some level of risk acceptable to everyone is a difficult idea to reconcile and yet, without such a baseline, how can it ever be possible to set guideline values and standards, given that life can never be risk free? Therefore, there is a great need for a methodology, describing criteria for the risk acceptance. This thesis makes an attempt to contribute to the Technical Risk Management by answering the question, “What are acceptable risk criteria?” and provides a methodology for deriving an Acceptable Risk Criteria Catalogue (ARCC). This will help the decision makers to decide for an optimized mitigation budget in order to bring a product faster in the market.\r\n    «

Technical Risk Management plays a vital role for risks mitigation process. During the recent past, huge efforts have been made to perform Technical Risk Management during components development for different complex series products. Therefore a large database is available describing risk of failure scenarios combined with the estimations of technical as well as monetary impacts, time losses and risk probabilities for different major components of the complex machinery. The notion that there exis...    »