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Continuous Risk Management at NASANPG 7120.5A, "NASA Program and Project Management Processes and Requirements" enacted in April, 1998, requires that "The program or project manager shall apply risk management principles..." The Software Assurance Technology Center (SATC) at NASA GSFC has been tasked with the responsibility for developing and teaching a systems level course for risk management that provides information on how to comply with this edict. The course was developed in conjunction with the Software Engineering Institute at Carnegie Mellon University, then tailored to the NASA systems community. This presentation will briefly discuss the six functions for risk management: (1) Identify the risks in a specific format; (2) Analyze the risk probability, impact/severity, and timeframe; (3) Plan the approach; (4) Track the risk through data compilation and analysis; (5) Control and monitor the risk; (6) Communicate and document the process and decisions. This risk management structure of functions has been taught to projects at all NASA Centers and is being successfully implemented on many projects. This presentation will give project managers the information they need to understand if risk management is to be effectively implemented on their projects at a cost they can afford.
Document ID
19990064616
Acquisition Source
Goddard Space Flight Center
Document Type
Reprint (Version printed in journal)
Authors
Hammer, Theodore F.
(NASA Goddard Space Flight Center Greenbelt, MD United States)
Rosenberg, Linda
(Unisys Corp. Greenbelt, MD United States)
Date Acquired
August 19, 2013
Publication Date
February 1, 1999
Subject Category
Administration And Management
Meeting Information
Meeting: SM Management 1999
Location: San Jose, CA
Country: United States
Start Date: February 1, 1999
End Date: February 28, 1999
Funding Number(s)
CONTRACT_GRANT: NAS5-32910
Distribution Limits
Public
Copyright
Other

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