Excellent or even adequate technology may succeed or fail depending on the details of technical and business implementation. Risk factors in new technology ventures include:

  1. Process Complexity
  2. Process Recycles
  3. Corrosion Issues
  4. Solids Formation in the Process
  5. Changing Feedstock and Product Specifications
  6. Overlapping R & D with Design
  7. Combining aggressive expectations for capital costs, operating cost, timetable, and quality


Guidelines for New Technology Projects

  1. Identify new technology projects correctly
  2. Think strategically about the project
  3. Develop and fix realistic expectations
  4. Practice sound personnel practices
  5. Modify some existing "best practices"