Cost Analysis Symposium New Orleans, LA April 12, 2005

Cost Analysis Symposium New Orleans, LA April 12, 2005 PowerPoint PPT Presentation


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Cost Analysis Symposium New Orleans, LA April 12, 2005

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1. 1

2. 2 Objective Discuss how NASA applies Risk Management concepts, techniques and methodologies in a program/project environment.

3. 3 What is Risk Management?

4. 4 Key Points – Take Aways Sound Project Management is Sound Risk Management The only thing we manage on a project is Risk Risks impact objectives Risks come from decisions we make as we try to achieve objectives As a minimum risks need to be identified in the areas of technical, cost, schedule and safety Risks require a factual condition and have a potential negative consequence

5. 5 Where Do We Start with Decisions? Primary Purpose of Slide: Key Points: Primary Purpose of Slide: Key Points:

6. 6 Risk Management Scope

7. 7 Risk Management Scope

8. 8 Identification and Analysis Tools

9. 9 Writing a Risk Statement

10. 10 Example Top Level Risk Statement Condition Given that the flight control software interface requirements still have 61 TBDs; Consequence There is a possibility that extensive cost overruns will be incurred in the performance of work by the software development contractor.

11. 11 Risk Reporting Primary Purpose of Slide: Key Points: Primary Purpose of Slide: Key Points:

12. 12 Communicating One of the 5 biggest challenges facing NASA is “Reducing the viscosity of Information” (How long it takes for information to flow through the organization.) President – Disney Imagineering Project Management Shared Experiences Virginia Beach, VA

13. 13 Risk Worksheet

14. 14 NASA Risk Management Courses/Workshops Center/Headquarters Courses/Workshops Foundations Course (6 hour) Project Team Risk Management Course/Workshop (2 day) Managing Flight Operations Risks Course (2 day) Program/Project Briefing (4 hour) Executive Overview Briefing (2 hour) APPL’s Wallops Flight Facility Training Center Risk Management for Practitioners (1 week) Applied Project Management (1 week) Focusing on identification and mitigation of risk

15. 15 Risk Management Contacts Continuous Risk Management Web Site http://crm.nasa.gov NASA Risk Management Facilitators Charles Cockrell [email protected] Bob Wingard [email protected] Frank Manning [email protected] Al Moore [email protected] NASA Point of Contact Steve Botzum [email protected] Each NASA Center has a Point of Contact

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