Risk Management in Product Development Projects: A Practical Guide & Video Series

Risk management is often a complex and elusive discipline, especially for small to medium-sized product development projects. The Project Management Institute’s (PMI) Practice Standard for Project Risk Management introduces various methods for analyzing, identifying, and responding to risks, which can be overwhelming and impractical for smaller projects.

This guide aims to demystify risk management and provide actionable strategies for handling risks effectively in small to medium-sized product development services. We will also release a video breakdown, section-by-section, each week. Download the guide and follow along in the video series.

Download the Guide

Video Series 

“[Prodigy]… dealt with uncertainty…met our aggressive time requirement…stayed within its original budget quote…met our unspoken needs very well.” ​

"Working with Prodigy has been a game-changer for us. Their expertise and willingness to tackle challenging projects, coupled with their organized and thorough development process, have significantly enhanced our capabilities and the quality of our final products. Additionally, they went above and beyond by connecting us with an engineer to address an unrelated customer issue, showcasing their commitment to excellence and customer satisfaction. We highly recommend Prodigy for anyone looking for a reliable and skilled development partner."

"We’re really happy with the work done on our flex cable project - Prodigy helped us with a critical problem that our engineers had looked at before from several different angles. Prodigy’s team had a methodological and data-driven approach to the project. Simulations done by the Prodigy team showed a fault in our connection system and we were able to run informed testing and design changes to resolve the issue."