Risk Management

Abstract

Risk is the potential of future uncertainties in achieving program performance goals and objectives within established baselines of cost, performance and schedule constraints. A risk may be mitigated to prevent it from occurring or reduce its impact if it occurs. If the item being described has already occurred in real time, it is an ISSUE and not a RISK. The words IF, THEN and MAY in a problem statement indicates that something has not yet occurred, but has the potential to occur in the future, hence it is a risk.

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Document Details

Document Type
Technical Report
Publication Date
Jun 02, 2011
Accession Number
ADA543172

Entities

People

  • Cynthia Crowford

Organizations

  • United States Army Tank Automotive Research, Development and Engineering Center

Tags

Communities of Interest

  • C4I
  • Human Systems
  • Materials and Manufacturing Processes

DTIC Thesaurus Topics

  • Abstracts
  • Acquisition
  • Business Administration
  • Cost Overruns
  • Costs
  • Data Storage Systems
  • Electronic Mail
  • Engineering
  • Fire Support
  • Information Operations
  • Language
  • Lightning
  • Program Management
  • Ratings
  • Risk
  • Risk Management
  • Systems Engineering

Readers

  • Defense Acquisition Program Management
  • Systems Analysis and Design