NAVAIR RISK ASSESSMENT HANDBOOK (DRAFT - JULY 2002)

NAVAIR RISK ASSESSMENT HANDBOOK (DRAFT - JULY 2002)., The DOD/SECNAV 5000 series, in general, require program managers to establish a risk management program, provide continuous risk management, and determine how risks have changed. These requirements constitute a program consisting of risk assessment, risk monitoring, risk documentation, risk planning and ultimately risk handling. This guide addresses only the risk assessment portions of these program requirements. Since there are different types of risks associated with acquisition programs, it is also important to note that this guide addresses "acquisition" and "program" risk assessment and does not address risk identification and evaluation techniques associated with "Operational Safety". Operational Safety risk identification and evaluation is handled exclusively by AIR-4.1.10. This document does not preclude or infer program management actions but focuses only on risk assessment methodologies and practices as they relate to an overall risk management program. Program management offices are charged with the responsibility of making decisions associated with risk mitigation execution. This guide will provide some guidance in this area. Since risk management is a continuous process, the process outlined in this guide should be performed periodically (planned intervals), and continuously (on going activity).