Risk Management Structured for Today's Environment

Today's project management environment provides NASA with myriad challenges. We have smaller budgets and, consequently, smaller programs and shorter lead times. We have less money for development, and no money to recover from contingencies or mishaps. The NASA Administrator is leading the Agency away from operations, instilling a renewed focus on scientific research and the development and application of new cutting-edge technologies. We are using performance-based and fixed-price contracts with industry, and we are forming more and more partnerships with the international community. In addition to the environment, we have many NASA-unique conditions that challenge mission success. They include a higher level of performance requirements, limited production numbers, higher development efforts and cost, the inability to operate a space element fully under realistic conditions on the ground, limited access to the product during operation, and, of course, the need for more science for fewer dollars and on a shorter schedule.