Every research manager knows that most research projects are fraught with risk. But, with today’s high-performance computer modeling, simulation, analytical and technological proficiency capabilities, there are times when to fail in a research endeavor is now considered unacceptable. The oft-times massive investments now required for large-scale research endeavors can cause equally massive losses when those projects, products or processes fail to meet design goals. But in many cases, the easy to design and develop products, like new pharmaceuticals or state-of-the-art aerodynamic vehicles, were developed years ago, so the products being designed now are increasingly complex, sophisticated and more difficult to quantify. Currently designed products need to go faster, higher, be stronger and last longer, all the while having significantly fewer negative side effects on people, the environment and the pocketbook.
Read complete article by Tim Studt here: http://www.laboratoryequipment.com/blogs/2012/09/increasingly-risky-research