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 MANAGEMENTand RM Tools INCOSE – Newport News, VA Chapter 2 May 2007
Risk Management Focus • PM / project risk • Operational Risk Mgt ORM • R&E Technical Risk (Grounding Bulletins)
Why Risk Management? • Cost • Schedule • Technical Performance
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 21th Century Risk Mgt 20th Century Risk Mgt Ancient Risk Management
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 • 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 • 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? Linkage between program requirements and risk management can help avoid unintended end results! Scott McLellan Director of Aviation Programs firstname.lastname@example.org 301-233-3300