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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

  1. 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

  1. 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

image text in transcribed

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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