Site problemsRisk Management Risk Management is a measure of the potential inability to achieve overall program objectives within the defined cost, schedule, and technical constraints and has two components:1. The probability/likelihood of failing to achieve a particular outcome, and2. The consequences/impacts of failing to achieve that outcomeRisks or potential problems are items that may occur in the future.Risk Management ProcessRisk management is an important and often critical activity for DoD systems acquisition. It is the act orpractice of managing risk. Risk management includes planning for risk, assessing (identifying andanalyzing) risk areas, developing and implementing risk-handling strategies, monitoring risks to determine how risks have changed, and documenting the overall risk management program. (Seeexample below)Example of Risk Management Process
Site problems
Risk Management
Risk Management is a measure of the potential inability to achieve overall program objectives within the
defined cost, schedule, and technical constraints and has two components:
1. The probability/likelihood of failing to achieve a particular outcome, and
2. The consequences/impacts of failing to achieve that outcome
Risks or potential problems are items that may occur in the future.
Risk Management Process
Risk management is an important and often critical activity for DoD systems acquisition. It is the act or
practice of managing risk. Risk management includes planning for risk, assessing (identifying and
analyzing) risk areas, developing and implementing risk-handling strategies, monitoring risks to
determine how risks have changed, and documenting the overall risk management program. (See
example below)
Example of Risk Management Process
