!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd"> Streamline Training & Documentation: Risk Management at NASA

Friday, February 01, 2008

Risk Management at NASA

The Exploration Systems Mission Directorate of NASA — the group responsible for planning and carrying out manned travel to the moon and Mars — has published a risk management plan (pdf) that includes a useful diagram of the risk management process that can be applied (with, perhaps, minor modification) to any enterprise.

As you can see in the graphic below (click to enlarge), each step in the risk management process involves working with inputs to produce output(s) needed as preparation for carrying out subsequent steps:

Continuous Risk Management Process Flow
Source: Exploration Systems Risk Management Plan (2007), p.4

Note that "FMEA" stands for Failure Modes and Effects Analysis, and "FTA" stands for Fault Tree Analysis.