A method and system of reducing risk in the life cycle of a product, in one aspect, obtain one or more tasks required to achieve an overall task, determine risk impact of each task, the risk impact being an impact of each task on the likelihood of failure for the overall task and compute risk of overall task based on risk impacts of the tasks. The method and system utilize said risk impact of each task to schedule the tasks in such a way so as to reduce said risk of overall task as rapidly as possible.
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