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Definition
What can go wrong (in the future) |
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How big is the risk? The activity of examing each identified risk to refine the description of the risk, isolate the cause, determing the effects, aid n setting risk mitigation priorities. |
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Identifies, evaluates and selcts options to set risk at acceptable levels |
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Ensure successful risk mitigation |
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Definition
Recognize future uncertainities in achieving program performance goals and objectives within defined cost, schedule, and performance constraints |
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Identifes the magnitude of the risk |
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Identify the program approach for addressing potential unfavorable consequence |
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Risk Mitigation Plan Implentation |
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Identify an execution strategy |
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Avoid Control Transfer Assume |
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Definition
Risk Approach / Mitigation Options |
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Definition
Eliminates the root cause |
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Definition
If corrected, would prevent potential consequences from occurring |
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Assessed at present time of that future root cuase occurring |
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Definition
A future root cause Probability Consequence |
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_______ management applies to mitigate future potential root causes and their consequences. ______ management applies to resources to address and resolve current issues or problems. |
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Selection of the best option that best provides the balance between performance and cost |
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A continuous process that is accomplished throuhout the life cycle of a system |
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Enhances program management effectiveness Provide PM with key tool to reduce LCC Increase program likelihood of success Assess areas of cost uncertainity |
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Funding is the amount available |
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This is a part of the IMP, SEP or can stand alone |
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Definition
What does the V model use for entrance criteria? |
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Definition
Translates users needs into solutions |
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Stakeholder requirements Requirements Analysis Architectural Design |
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Implementation Integration Verification Validation Transition |
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Definition
Fab, Integrate and Test (Right Side) |
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Definition
Stakeholder Reqts Reqt Analysis Archiectural Design Implementation Integration Validation Verication Transition |
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