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Referring to the chart in question 2 and surveying from the library data or websites to fill out the following table: Product Time for Readiness
- Referring to the chart in question 2 and surveying from the library data or websites to fill out the following table:
Product | Time for Readiness | Project Challenges | Type of Project | Critical Technology |
Autonomous Vehicle | ? |
| Pilot Projects |
|
Hyperloop |
| Technical Feasibility |
| Safety |
Engineering Design | Now |
| Mass Production | Battery |
- Risk is equal to the probability of uncertainty of the project times the loss if the project fails. If the loss when a project fails can represent by money, what are the risks of the following projects? Which project has the highest risk? Use Excel to develop a chart in which the x-axis is the probability (%), and the y-axis is the loss ($).
Project | Probability(% | Loss($) | Risk |
3D Manufacturing | 10 | 100,000.00 |
|
Logistics Supporting | 15 |
| 30,000.00 |
Engineering Design |
| 50,000.00 | 12,500.00 |
Chart of chapter 2
Cash Flow risk basic research (DFG) prospective approach to research funding Leading-edge Innovations to combine Basic Knowledge, Innovation Processes, Market Chances basic technical feasibility economy problems Project Challenges industrial R&D product development prototypes Invention focus on prospective activities pilot projects BMBF funding priority programmes (Frderschwerpunkte) Ref. Federal Ministry of Education and Research (BMBF) ROI mass production time Cash Flow risk basic research (DFG) prospective approach to research funding Leading-edge Innovations to combine Basic Knowledge, Innovation Processes, Market Chances basic technical feasibility economy problems Project Challenges industrial R&D product development prototypes Invention focus on prospective activities pilot projects BMBF funding priority programmes (Frderschwerpunkte) Ref. Federal Ministry of Education and Research (BMBF) ROI mass production time
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