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RISK MANAGEMENT and RM Tools. INCOSE – Newport News, VA Chapter. 2 May 2007. RISK MANAGEMENT. Risk Management Focus. PM / project risk Operational Risk Mgt ORM R&E Technical Risk (Grounding Bulletins). Why Risk Management?. Cost. Schedule. Technical Performance.

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risk management and rm tools

RISK MANAGEMENTand RM Tools

INCOSE – Newport News, VA Chapter

2 May 2007

risk management focus
Risk Management Focus
  • PM / project risk
  • Operational Risk Mgt ORM
  • R&E Technical Risk (Grounding Bulletins)
why risk management
Why Risk Management?
  • Cost
  • Schedule
  • Technical Performance
comprehensive risk management
Comprehensive Risk Management

Planning and Organizing

Process

  • NAVAIRINST 5000.21A
  • RM Guide for DoD Acquisition

RMP

Risk Mgt Plan

Risk Board

Tools & Training

Policy and Guidance

  • Integrated and Stand-Alone Risk Mgt Tools
  • NAVAIR Class Desk training
  • DAU
evolution of risk management
Evolution of Risk Management

21th Century Risk Mgt

20th Century Risk Mgt

Ancient Risk Management

risk tool benefits
Risk Tool Benefits
  • Risk Item database provides single source for risk item workflow tracking
  • Enable 1 or more mitigation strategy plan and implementation tracking
  • Facilitate Risk Board Review
  • Reports
    • Standardized
    • Ad Hoc
benefits of riskexchange
Benefits of RiskExchange
  • Implementation of RiskExchange in PMA has provided several benefits in the Risk Management Program
    • Consistent data and severity analysis across the PMA
    • Improved configuration management of risk reporting
    • Centralized database for risk management information
      • Provides better accessibility to data
      • Reporting and search tools
      • Fosters cross IPT communication
    • Web-based application is easy to deploy
      • Access on or off-base
      • Little to no training required

John Kovach, Northrop Grumman

NAVAIR PMA Support

conclusions
Conclusions
  • Risk Management makes good business sense
  • Any tool is better than no tool
  • SERC and NSERC provide turn-key access to web-based Risk Management Tools with database administration support and training
questions
Questions?

Linkage between program requirements and risk management can help avoid unintended end results!

Scott McLellan

Director of Aviation Programs

smclellan@sac-corp.com

301-233-3300