CMMI Risk Management Goals
PolicyAF Policy Directive 90-9: Operational Risk Management, 1 April 2000
AFI 90-901: Operational Risk Management, 1 April 2000
AFMC Instruction 90-902: Operational Risk Management, Dec 2007
Tools & TechniquesRiskNav
Cost Risk and Uncertainty - Chapter 14, GAO Cost Estimating and Assessment Guide, Mar 09
TrainingRisk Process Orientation
Detailed Risk Process
ExamplesSample Risk Management Plan
Process Lessons Learned
Acquisition Risk Management Impact
- Critical (C) - An event that, if it occurred, would cause program failure (inability to achieve minimum acceptable requirements).
- Serious (S) - An event that, if it occurred, would cause major cost and schedule increases. Secondary requirements may not be achieved.
- Moderate (Mo) - An event that, if it occurred, would cause moderate cost and schedule increases, but important requirements would still be met.
- Minor (Mi) - An event that, if it occurred, would cause only a small cost and schedule increase. Requirements would still be achieved.
- Negligible (N) - An event that, if it occurred, would have no effect on program.
Reference: Risk Matrix User's Guide, Version 2.2, by Pamela E. Engert and Zachary F. Lansdowne, Mitre Document MP99B0000029, November 1999, The MITRE Corporation
Operational Risk Management Severity
- Catastrophic - Complete mission failure, death, or loss of system.
- Critical - Major mission degradation, severe injury, occupational illness or major system damage.
- Moderate - Minor mission degradation, injury, minor occupational illness, or minor system damage.
- Negligible - Less than minor mission degradation, injury, occupational illness, or minor system damage.
Reference: Pocket Guide to Operational Risk Management
Other Impact Definitions
||Equivalent Numerical Value
||An event whose occurrence will impact the project's cost (and/or schedule) so severely that the project will be terminated.
||An event that, if it occurs, will cause significant cost (and/or schedule) increases (e.g., increases of more than 5 percent) on the project.
||Defaults: 0.65, 0.83, 0.95
Range: 0.65 < Allowable Value < 1
||An event that, if it occurs, will cause noticeable cost (and/or schedule) increases (e.g., increases of not more than 5 percent) on the project.
||Defaults: 0.35, 0.50, 0.60
Range: 0.35 < Allowable Value < 0.65
||An event that, if it occurs, will cause small cost (and/or schedule) increases that, in most cases, can be absorbed by the project.
||Defaults: 0.05, 0.18, 0.30
Range: 0 < Allowable Value < 0.35
||An event that, if it occurs, will cause no impact to cost (and/or schedule) of the project.
Reference: Garvey, Paul R., "Implementing a Risk Management Process for a Large Scale Information System Upgrade - A Case Study", INCOSE Insight, May 2001, p.5.
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