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DAU PMT 352B Exam II Part V
NA
25
Other
Graduate
10/27/2011

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Cards

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