DoD Risk Mgt Guide v7 Interim Dec2014

    Department of Defense Risk Management Guide for Defense Acquisition Programs 7th Edition (Interim Release) December 2014 Office of the Deputy Assistant Secretary of Defense for Systems Engineering Washington, DC      Department of Defense Risk Management Guide for Defense Acquisition Programs, 7th Edition (Interim Release) Citation:    Department of Defense Risk Management Guide for Defense Acquisition Programs,  7th ed 2014 (Interim Release) Washington, DC: Office of the Deputy Assistant Secretary of Defense for Systems Engineering Deputy Assistant Secretary of Defense Systems Engineering 3030 Defense Pentagon 3C167 Washington, DC 20301-3030 Email: osdatlasd-resemailmil Website: wwwacqosdmil/se Distribution Statement A: Approved for public release   DoD Risk Management Guide for Defense Acquisition Programs, 7th Edition (Interim Release) iii Contents P REFACE   1   I  NTRODUCTION 3   1   Purpose 3   11   Scope 4   12   Risk Management Overview 4   13   E STABLISHING AN E FFECTIVE R  ISK M ANAGEMENT A PPROACH   6   2   Risk Management Planning 6   21   Aligning Government and Contractor Risk Management 7   22   Risk Management Plan 7   23   Selecting a Risk Management Tool 10   24   Risk Management Roles and Responsibilities 10   25   Executive Level 13   251   Management Level 13   252   Working Level 15   253   Government and Contractor Relationship 16   254   R  ISK M ANAGEMENT P ROCESS   19   3   Risk Identification 19   31   Risk Analysis 24   32   Likelihood 25   321   Consequence 26   322   Risk Reporting Matrix 29   323   Risk Register 32   324   Risk Mitigation 33   33   Risk Acceptance 35   331   Risk Avoidance 35   332   Risk Transfer 36   333   Risk Control 36   334   Risk Burn-Down 36   335   Risk Monitoring 38   34   I  NTEGRATING R  ISK M ANAGEMENT WITH O THER P ROGRAM M ANAGEMENT T OOLS   41   4   Work Breakdown Structure 41   41   Integrated Master Plans and Integrated Master Schedules 42   42   IMS Health Assessment 43   421   Schedule Risk Assessment 45   422   Cost Risk Assessment Technique 46   423   Earned Value Management 47   43   I SSUE M ANAGEMENT P ROCESS 48   5