Risk Management

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Risk Management
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Risk Management

• Current QA Source Documents
• Risk Management
• Documenting the Risks

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Current QA Source Documents

• Federal Acquisition Regulation (FAR)
• Defense Federal Acquisition Regulation Supplement
  (DFARS)
• DoD Manual 4140.25
• DESCR 4155.1
• MIL-STD-3004

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Risk Management
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Risk Management

• Risk Planning develop document method for
  identifying tracking risk areas, risk-handling
  plans, performing continuous risk assessments to
  determine how risks have changed, and assigning
  adequate resources

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Risk Management

• Risk Assessment identifying and analyzing
  operational areas and critical technical process
  risks to increase likelihood of meeting cost,
  schedule, and performance objectives.
• Risk Identification examining operational areas
  each critical technical process to identify
  document associated risks.

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Risk Management

• Risk Analysis examining each identified risk
  area or process to refine description of risk,
  isolating cause determining effects. Includes
  risk rating prioritization in which risk events
  are defined in terms of their probability of
  occurrence, impacts, and relationship to other
  risk areas or processes.

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Risk Management

• Risk Handling identifies, evaluates, selects,
  and implements options in order to set risk at
  acceptable levels given program constraints and
  objectives. Include specifics on what should be
  done, when it should be accomplished, who is
  responsible, and associated cost and schedule.

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Risk Management

• Risk Monitoring systematically track evaluate
  performance of risk-handling actions against
  established metrics throughout process develops
  further risk-handling options as appropriate.

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Documenting the Risks

• Risk Documentation recording, maintaining, and
  reporting assessments, handling analysis and
  plans, and monitoring results. Include all plans,
  reports for decision authorities, and reporting
  forms that may be internal.

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Documenting the Risks

• Facility Folder
• Solicitation Review
• Contract Review
• QAR/QSR Procedural Guide
• Corrective Action Requests (CAR)