DISCUSSION
There is a consensus in the current literature regarding the need for specialised risk management techniques in managing risks in R&D projects. The findings highlighted the need for effective risk management methods in the South Australian context, emphasising the role of risk management in the success of R&D projects. In addition, the interviewees expressed concerns with the traditional risk management methods and the high rate of failure of risk management practices in R&D projects.
The RFMEA risk management technique was undertaken in real-life case study projects in South Australia in an attempt to identify the most critical project risks. This application was performed in retrospect, as the company had already initiated its existing risk management practices and therefore produced a risk register. The case studies showed that the RFMEA technique is able to