| |
|
|
 |
| |
|
|
| |
Risk can be defined as the probability that a program/project will
experience undesirable consequences. These undesirable consequences can be something as simple as missing a schedule milestone by
two weeks or overrunning the budget by a small percentage. However, they can also be catastrophic, i.e. program cancellation, loss of human life, a major schedule delay, or a large cost overrun. It is the manager's duty to assess all these risks and develop the appropriate course(s) of action for each.
NASA Risk Management Procedures & Guidelines, NPG 8705, documents the Agency's Continuous Risk Management (CRM) Program. Although all team members must participate in CRM, it is ultimately the program/project manager's responsibility to assure that an effective CRM plan is put forth and implemented. Risk management includes the identification, assessment, mitigation, and disposition of risk throughout the program/project formulation, approval, implementation, and disposal phases. |
| |
|
| |
|
|
|
|
