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2.4.2 A Blueprint to Effective Enterprise Risk Management
Author(s) -
Kepchar Kenneth J
Publication year - 2010
Publication title -
incose international symposium
Language(s) - English
Resource type - Journals
ISSN - 2334-5837
DOI - 10.1002/j.2334-5837.2010.tb01070.x
Subject(s) - blueprint , software deployment , risk analysis (engineering) , context (archaeology) , dimension (graph theory) , risk management , computer science , process management , system of systems , system lifecycle , product lifecycle , systems design , systems engineering , new product development , engineering , business , software engineering , mechanical engineering , paleontology , mathematics , finance , marketing , pure mathematics , biology
Abstract Traditional risk management models have typically focused on the acquisition and operational phases of a product life cycle, with the second dimension of these models being that they are also system‐centric. Modern transportation systems are defying the traditional system‐centric approach to design, development, and deployment and represent an unprecedented level of complexity to be factored into decision making. This level of complexity, both in the solution space and at the organizational level, demands a more robust approach to risk and opportunity management than has traditionally been considered. This paper discusses the factors that must be addressed in establishing a viable opportunity and risk management presence in a Systems of Systems (SoS) context.