Premium
8.3.3 Risk Management for the NASA/JPL Genesis Mission: A Case Study
Author(s) -
Roberts Barney B.,
Bennett Richard B.
Publication year - 2000
Publication title -
incose international symposium
Language(s) - English
Resource type - Journals
ISSN - 2334-5837
DOI - 10.1002/j.2334-5837.2000.tb00403.x
Subject(s) - risk management , process (computing) , project management , set (abstract data type) , risk analysis (engineering) , project risk management , project manager , process management , engineering , new product development , project team , engineering management , computer science , project management triangle , systems engineering , business , finance , marketing , programming language , operating system
Processes, just like any product, are designed to meet a set of requirements. The Risk Management Process for the Genesis Project began with the basic requirement to meet NASA and JPL policies and standards. Meeting these basic requirements was not as challenging as trying to avoid process execution flaws observed in the practice in other applications similar to the JPL environment. In addition, there were new issues and changing emphases that required the process to continuously evolve as the project matured. The process was designed to avoid pitfalls encountered by others as they have tried to implement Risk Management. A set of lessons‐learned which covered the experiences of others, specific inputs from the project's Risk Manager, and the evolving needs of Genesis Project management guided the development of the process. This led to the necessity of a facilitated approach. The facilitated approach took advantage of the knowledge of the team members directly involved with the at‐risk elements and supplemented them with the specialized skills and tools required for Risk Analysis. The resulting process was successful in managing the risks to the project. Results varied as the process and project matured. In general, the results indicate a good return‐on‐investment for the risk management activity. In addition, new lessons‐learned are being collected.