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

2. RISK MANAGEMENT
2 May 2007

3. Risk Management Focus PM / project risk Operational Risk Mgt ORM
R&E Technical Risk (Grounding Bulletins)
NAVAIRINST A R&E Tech
2 May 2007

4. Why Risk Management?
Cost
Schedule
Technical Performance
2 May 2007

5. Comprehensive Risk Management
Planning and Organizing
Process
RMP
Risk Mgt Plan
Risk Board
Policy and Guidance
Tools & Training
Integrated and Stand-Alone Risk Mgt Tools
NAVAIR Class Desk training
DAU
NAVAIRINST A
RM Guide for DoD Acquisition
RMP and RMB are required components of NAVAIR Risk mgt process
RMP – defines team processes, roles and responsibilities
RMB – assigns people to RMP roles
Risk Management Guide for DoD Acquisition 2006, 6th Edition, August 2006
2 May 2007

6. Evolution of Risk Management
21th Century Risk Mgt
Ancient – project plan included extra stones
20th Century – Excel spreadsheet emphasis on tracking (current snapshot looking backward, manually intensive), Spreadsheet keeper still an “Army of One”
21st century – automated tools – mitigation planning (forward looking), work flow tracking, team collaboration, multiple simultaneous entry
[eventually integrated in tool suite with Requirements, architecture products, designs and test plans]
20th Century Risk Mgt
Ancient Risk Management
2 May 2007

7. RISK TOOLS
2 May 2007

8. Consequence vs. Likelihood Mnemonics
2 May 2007

9. Risk Project Summary Home Page
2 May 2007

10. Risk Item Description Increasing emphasis placed on Causal factors
2 May 2007

11. Initial Risk Assessment
2 May 2007

12. Risk Mitigation Plans
2 May 2007

13. View Risk Details
2 May 2007

14. Risk Summary Reports
2 May 2007

15. Risk Reports by Team or Category
2 May 2007

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
2 May 2007

17. Risk Board Reports – Watch List
2 May 2007

18. Risk Board Reports – No Mitigation Plan
2 May 2007

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
2 May 2007

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
2 May 2007

21. Law of Unanticipated Consequences
Gore’s Law
2 May 2007

22. Director of Aviation Programs
Questions?
Linkage between program requirements and risk management can help avoid unintended end results!
Scott McLellan
Director of Aviation Programs
2 May 2007