Risk Management Toolkit

Process Assets

Standard Process

Definitions:
Risk

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    Policy

  • AF 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

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    Tools & Techniques

  • RiskNav
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  • Cost Risk and Uncertainty - Chapter 14, GAO Cost Estimating and Assessment Guide, Mar 09

    Training

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    Examples

  • Sample Risk Management Plan
  • Process Lessons Learned

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    Risk is a measure of a project's inability to achieve system life cycle objectives ... such as the following:

    • Assurance of Program Viability
    • Provision of Operational Capability
    • Delivery Within Negotiated Baseline
    • Assurance of Operational Asset Survival
    • Assurance of Mission Success
    • Assurance of Personnel Safety and Performance
    • Assurance of Integration with Operational Environment

    Risk has two components:

    • the probability (or likelihood) of failing to achieve particular system life cycle objectives
    • the consequences of failing to achieve those objectives.

    Reference: Based on Definition from AFMCP 63-101C



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