Therefore, templates have been found useful for assessing risk. Such a template is a grid, with a description of technical maturity in each cell. Every cell is also associated with a particular estimate for Technical Risk. Design teams locate the cell that comes closest to describing their component or part. The associated estimate is then used as their risk assessment.
Risk Compounding Most complex product are tightly interdependent.
A design change in one component often necessitates changes in other components. This can be addressed by compounding risk estimates. The technical risk associated with each component is increased based on the average technical risk across the whole project. If average technical risk is very low, no compounding is necessary. For moderate risk, compounding is significant.