Risk Management in Innovative SME’s: a web-based model

This work proposes an integrated web-based platform that will provide to Small and Medium Enterprises (SME’s) the capability to identify, evaluate and manage risks associated with new product development projects. It will bring forward a proposed tool to help defining and control the new product development management process, from its idealization to its commercialization, helping SME’s to improve the management process of innovative products in order to increases their successful rates. This tool was developed in a Portuguese SME company, developer of products and services which conducts research and development in the solar photovoltaic industry, and this paper will also present a brief literature review of risk management models to SME’s, as well as it will provide a state of art of similar tools available.