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Risk-based Acquisition Management (RBAM) Update

Risk-based Acquisition Management (RBAM) Update. May 15-17, 2001 ARC. Phil Napala Code QE Jeff Cullen Code HK. (1). WHAT IS RISK-BASED ACQUISITION MANAGEMENT ?. The integration of risk management into the acquisition process . . 2. THE RBAM PROCESS. ACQUISITION STRATEGY PROCESS.

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Risk-based Acquisition Management (RBAM) Update

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  1. Risk-based Acquisition Management (RBAM) Update May 15-17, 2001 ARC Phil Napala Code QE Jeff Cullen Code HK (1)

  2. WHAT IS RISK-BASED ACQUISITION MANAGEMENT? The integration of risk management into the acquisition process. 2

  3. THE RBAM PROCESS ACQUISITION STRATEGY PROCESS REQUIREMENTS ACQUISITION STRATEGY DEVELOPMENT SOLICITATION DEVELOPMENT SOURCE SELECTION POST AWARD Government/ Contractor Negotiations (if necessary) RISK WHEEL CONTRACT SIGNING/ RM PLAN RBAM WORKSHEET RISK MATRIX (HIGH RISKS ONLY) RISK RANKING HIGH RISK MEDIUM RISK LOW RISK ACQUISITION STOPLIGHT CHART

  4. RBAM Attendees by Center • The charts below detail the number of individuals who received training at each center.

  5. Training Since October 2000 - - 122 people attended 8 sessions, 5 Workshops and 3 Tutorial Overview Sessions

  6. Acquisition Strategy Meeting Risk Assessment Summary Requirement Risks Acquisition Strategy Risks SAFETY 3 Yellow SAFETY n RISKS Envir, Safety, Health Y Y MISSION SUCCESS n RISKS MISSION SUCCESS n RISKS Tech Performance R R MANAGEMENT n RISKS MANAGEMENT n RISKS Y Y Management Y Cost COST n RISKS Y COST n RISKS Schedule G SCHEDULE n RISKS G SCHEDULE n RISKS SECURITY n RISKS Security SECURITY n RISKS Y Y

  7. RBAM Basics • To do this, we are telling everyone to use a disciplined continuous risk management process: identify, analyze, plan, track, control, communicate and document. • Identify. Sit individuals down, and point out trouble areas. • Analyze. Engage brain, preferably before buying. • Plan. Before leaping, think landing. • Track. Keep tabs on your bets. • Control. Try not to do really stupid things. • Communicate. Be real when telling managers about risks. • Document. Write it down and don’t forget.

  8. Summary • RBAM ties the money process to the safety and mission assurance process. • Early application is showing practical benefit. Risks are being identified before announcements are let out on the street. • Risk discussions required by the new procurement notice, have been healthy reality checks as new innovative and technically challenging NASA project acquisitions come up for review.

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