Since the public release of ChatGPT in November 2022, Generative Artificial Intelligence has rapidly transformed the technology landscape in government, industry, and academia. This paper explores how generative AI may proactively assist engineering leaders in the mitigation of emergent risks in new product development projects. The research methodology involves prompting ChatGPT with three realistic engineering scenarios to collect multiple versions of AI generated risk reduction plans. Qualitative and quantitative analyses are then performed on the AI generated plans, in partnership with an advisory board of three experienced engineering executives. A summary of the research is presented, including key findings, application guidance for engineering leaders, and areas for future focus.
