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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


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    1. RISK MANAGEMENTand RM Tools INCOSE – Newport News, VA Chapter 2 May 2007

    2. RISK MANAGEMENT

    3. Risk Management Focus • PM / project risk • Operational Risk Mgt ORM • R&E Technical Risk (Grounding Bulletins)

    4. Why Risk Management? • Cost • Schedule • Technical Performance

    5. 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

    6. Evolution of Risk Management 21th Century Risk Mgt 20th Century Risk Mgt Ancient Risk Management

    7. RISK TOOLS

    8. Consequence vs. Likelihood Mnemonics

    9. Risk Project Summary Home Page

    10. Risk Item Description

    11. Initial Risk Assessment

    12. Risk Mitigation Plans

    13. View Risk Details

    14. Risk Summary Reports

    15. Risk Reports by Team or Category

    16. 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

    17. Risk Board Reports – Watch List

    18. Risk Board Reports – No Mitigation Plan

    19. 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

    20. 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

    21. Law of Unanticipated Consequences

    22. 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