Product Risk Framework
Computer Software, 53 W. Jackson Blvd., Chicago, Illinois, 60604, United States, 1-10 Employees
Phone Number: +13*********
Who is PRODUCT RISK FRAMEWORK
The Product Risk Framework is a business intelligence risk management software tool for product developers. It works by enabling product teams to identify, evaluate and prioritize the mos...
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Headquarters: 53 W. Jackson Blvd., Chicago, Illinois, 60604, United States
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Date Founded: 2018
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Employees: 1-10
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Revenue: $1 Million to $5 Million
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Active Tech Stack: See technologies
Industry: Computer Software
SIC Code: 8742; 8748
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NAICS Code: 541611 |
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Frequently Asked Questions Regarding Product Risk Framework
Answer: Product Risk Framework's headquarters are located at 53 W. Jackson Blvd., Chicago, Illinois, 60604, United States
Answer: Product Risk Framework's phone number is +13*********
Answer: Product Risk Framework's official website is https://productdevelopmentrisk.com
Answer: Product Risk Framework's revenue is $1 Million to $5 Million
Answer: Product Risk Framework's SIC: 8742; 8748
Answer: Product Risk Framework's NAICS: 541611
Answer: Product Risk Framework has 1-10 employees
Answer: Product Risk Framework is in Computer Software
Answer: Product Risk Framework contact info: Phone number: +13********* Website: https://productdevelopmentrisk.com
Answer: The Product Risk Framework is a business intelligence risk management software tool for product developers. It works by enabling product teams to identify, evaluate and prioritize the most significant sources of uncertainty and risk associated with a product idea. It employs a variety of behavioral economics approaches to root out uncertainties and risks, including a risk framework, reference class forecasting, and nudges. Also, the Product Risk Framework monitors the reduction of product uncertainty and risk throughout the entire product development process, from idea through launch. Risk profile snapshots easily communicate progress in reducing a products risk and allow risk evaluation of the entire product portfolio. CoFounders, Mary and Kathy, implemented early generations of the Product Risk Framework with several clients, each time improving and fine-tuning the tool. Early iterations showed the value of the tool, as well as, the need to make it an easy to use software tool with additional functionality. They prototyped several approaches. The Product Risk Framework is a recipient of an NSF STEM I-Corp Grant, and it enabled an expanded reach into the product development community to study commercial feasibility. Through interviews with more than 100 product development professionals, the grant-funded research facilitated the identification of existing product development solutions and minimum viable product (MVP) input that was instrumental in informing the design and development of the Product Risk Framework.
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