Risky Business: Why DoD Needs a New Risk Management Paradigm

Abstract

Department of Defense Instruction (DoDI) 5000.2--"Operation of the Defense Acquisition System"--the DoD's "Bible" for Program Management (PM), uses the word "risk" 67 times within its 80 pages but only has a minimal passing reference to "Risk Management" in the section related to service contracting, defining it as "An assessment of current and potential technical, cost, schedule, and performance risks and the plan for mitigating or retiring those risks." The Project Management Institute (PMI) Guide to the Project Management Body of Knowledge (also known as the PMBOK) includes a much longer chapter on Risk Management (RM). Given that risk is a significant concern in DoD program/project management, why is the process of managing risk given such short shrift in the DoDI 5000.2, particularly in comparison to the commercially focused PMBOK? Is the commercial PM community more concerned with RM than is the DoD community?

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Document Details

Document Type
Technical Report
Publication Date
Aug 01, 2013
Accession Number
ADA608647

Entities

People

  • Thomas H. Miller

Tags

Communities of Interest

  • Materials and Manufacturing Processes

DTIC Thesaurus Topics

  • Acquisition
  • Business Administration
  • Commerce
  • Communities
  • Costs
  • Department Of Defense
  • Executives
  • Instructions
  • Life Cycle Costs
  • Life Cycles
  • Military Acquisition
  • Program Management
  • Project Management
  • Risk
  • Risk Management
  • Test And Evaluation
  • Training

Readers

  • Aviation Safety Risk Assessment.
  • Defense Acquisition Program Management
  • Life Cycle Cost Analysis