Managing the risk of deploying innovative technologies is a critical component of successful
product development. This is especially true in Aerospace applications. As a program progresses
through various stages of the product development cycle the cost of correcting unexpected risks
grows significantly. This is exacerbated by the fact that flexibility to implement changes rapidly
diminishes because of the implications that change will have on all interrelated elements of
AlphaSTAR Risk Assessment services specifically examine:
Risks Associated with Material Qualification
Risks Introduced by Overreliance on Physical Testing
Risks Related to Probability of On-Time Certification
Deficiencies in of End-of-Life Failure Prediction
Impact of Identified Risks on Cost/Schedule
Our Assessment Methodology couples extensive industry experience with advanced analytical capabilities
Identify and document assumptions and uncertainties
Understand limitations of applied methodology and quantify the associated risk early in the product development life cycle
Time & Cost of Material Qualification
Overreliance on Physical Testing
Material Degradation & End-of-Life Failure
Assess the impact of identified risks to FAA certification
For discovered risks, AlphaSTAR develop concrete mitigation strategies that are rooted in established
precedence and verified for the identified issues. Our forward risk assessment report provides
product development teams the means to address areas where additional risk mitigation measures
might be justified or necessary based on cost-benefit criteria.
Our methodology involves interaction with key stakeholders in product development team to understand
and document the current state of organizational structure, development plans, and technical
competencies. A formal process for validating the current state documentation (including current
plans for enhancement) is performed to both confirm its accuracy and completeness. AlphaSTAR
will then employ a set of proprietary "filters" to evaluate the efficiency and effectiveness
of the program.
The result of this filtering process is the identification of areas of potential risk, quantification
of their impact, and evaluation of potential benefits of the recommended mitigation strategies.
The primary objective of the proposed mitigation options will be to overcome the identified
risks while minimizing program disruption:
Quantify Impact on Cost and Schedule
Identify Implications for On-Time Certification
Develop and Prioritize Mitigation Strategies Based on Cost-Benefit Trade-offs
Minimize Setback to Program Schedule
Provide independent second opinion
We deliver objective evaluation of risk in which assumptions and uncertainties are clearly considered.
Our process-orientated approach has been proven with global aerospace companies and reference
clients to whom AlphaSTAR has successfully delivered its risk mitigation services.