# The Agile Approach to Risk Management

- Show: [The Pragmatic Embedded Podcast](https://hardwarepodcasts.com/podcast/the-pragmatic-embedded-podcast)
- Published: 2022-11-02
- Length: 37m
- Page: https://hardwarepodcasts.com/podcast/the-pragmatic-embedded-podcast/2022-11-02-the-agile-approach-to-risk-management
- Listen: https://agileembeddedpodcast.com/episodes/the-agile-approach-to-risk-management-r4JtLMqU

## Summary

Hosts Jeff Gable and Luca engineer discuss applying agile principles to risk management in embedded product development. They categorize risk into technical, product, and execution types, arguing that building feedback loops and shipping early mitigates these risks more effectively than traditional waterfall methods. The conversation highlights the high cost of engineering time versus physical prototypes, the challenges of supply chain volatility during chip shortages, and the importance of managing technical risk in safety-critical domains like medical devices and aviation.

## Chapters

- [0:00](https://hardwarepodcasts.com/podcast/the-pragmatic-embedded-podcast/2022-11-02-the-agile-approach-to-risk-management#t=0) Introduction: Agile as Risk Management
- [1:04](https://hardwarepodcasts.com/podcast/the-pragmatic-embedded-podcast/2022-11-02-the-agile-approach-to-risk-management#t=64) Categorizing Technical, Product, and Execution Risk
- [3:06](https://hardwarepodcasts.com/podcast/the-pragmatic-embedded-podcast/2022-11-02-the-agile-approach-to-risk-management#t=186) Mitigating Risk via Feedback Loops and Early Shipping
- [9:15](https://hardwarepodcasts.com/podcast/the-pragmatic-embedded-podcast/2022-11-02-the-agile-approach-to-risk-management#t=555) The Cost of Prototypes vs. Engineering Time
- [12:27](https://hardwarepodcasts.com/podcast/the-pragmatic-embedded-podcast/2022-11-02-the-agile-approach-to-risk-management#t=747) Managing Supply Chain and Chip Shortage Risks
- [17:49](https://hardwarepodcasts.com/podcast/the-pragmatic-embedded-podcast/2022-11-02-the-agile-approach-to-risk-management#t=1069) Business Risk and the Innovator's Dilemma
- [26:24](https://hardwarepodcasts.com/podcast/the-pragmatic-embedded-podcast/2022-11-02-the-agile-approach-to-risk-management#t=1584) War Stories: Medical Devices and Aviation
- [35:26](https://hardwarepodcasts.com/podcast/the-pragmatic-embedded-podcast/2022-11-02-the-agile-approach-to-risk-management#t=2126) Quality, Speed, and Conclusion

## Topics

- [Validation & product-market fit](https://hardwarepodcasts.com/topic/validation-and-product-market-fit)
- [Debugging & failure analysis](https://hardwarepodcasts.com/topic/debugging-and-failure-analysis)
- [Sourcing & supply chain](https://hardwarepodcasts.com/topic/sourcing-and-supply-chain)
- [Prototyping & iteration](https://hardwarepodcasts.com/topic/prototyping)
- [Medical & health devices](https://hardwarepodcasts.com/topic/medical-devices)

## Most relevant to

companies scaling up

## Mentioned

- Western Digital (company)
- Siemens (company)
- Boeing (company)
- U2 (product)
- SR-71 (product)

## Related episodes from other shows

- [440: Condemned to Being Perfect](https://hardwarepodcasts.com/podcast/embedded-fm/2023-01-13-440-condemned-to-being-perfect) (Embedded.fm)
- [Project Management for Product Development of Medical Devices](https://hardwarepodcasts.com/podcast/global-medical-device-podcast/2021-10-27-project-management-for-product-development-of-medical-devices) (Global Medical Device Podcast)
- [Waterfall vs. Agile: Battle of the Product Development Methodologies](https://hardwarepodcasts.com/podcast/global-medical-device-podcast/2021-04-28-waterfall-vs-agile-battle-of-the-product-development-methodologies) (Global Medical Device Podcast)
- [16: Democracy Is the Worst Form of Government](https://hardwarepodcasts.com/podcast/embedded-fm/2013-08-28-16-democracy-is-the-worst-form-of-government) (Embedded.fm)
- [269: Ultra-Precise Death Ray (Repeat)](https://hardwarepodcasts.com/podcast/embedded-fm/2021-07-02-269-ultra-precise-death-ray-repeat) (Embedded.fm)

## Citing this page

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