Reference Case study: https://www.nasa.gov/pdf/678173main_DART_Text_Case.pdf

The goal for this part of the Portfolio Project is for you to apply suitable techniques to document, analyze, mitigate, and monitor risks in the project life cycle. The methods we use will help you in selecting and applying appropriate risk management tools that improve the potential for project success. In addition, you will recognize the warning signs of cost acceleration, schedule delays, and substandard quality and make recommendations to minimize or mitigate the impact. In the role of the project manager, address the following scenario and 5 items based on the DART: Risk Management Case Study pages one through nine. Scenario The time is January 2003 shortly after CDR. The DART Project had been shifted from 2nd Gen to the Orbital Space Plane (OSP) program. NASA senior management has announced that the DART Project is now a high priority, low risk mission - Class B. Over 300 problems and issues were identified in the critical design review indicating potential risks and problems. The autonomous rendezvous and docking capability has been determined to be essential for commercial ISS resupply missions. Your job is to develop a briefing for senior management in which you address the following 5 items: 1. Based on your input and feedback from the class provided in the Week 5 Portfolio Project Discussion, Identify the top five risk issues by documenting: a. ID: Unique number youll use to track the risk (1, 2, ..) b. Category: Based on those identified in our discussion c. Description: Using the format IF risk event, THEN risk consequence. d. Priority: High, Medium, Low based on those definitions previously discussed e. Owner: Functional group responsible for tracking & monitoring the risk 2. Propose risk mitigation and control activities for each of these five risks. Note: An easy way to do this is to extend the description to include another clause: IF risk event, THEN risk consequence, THIS MEANS risk mitigation. 3. Describe changes necessary in cost, schedule, and requirements baseline in order to minimize the probability of occurrence or impact of each risk. 4. Identify and describe other recommendations / requests that will ensure a high likelihood of mission success. 5. Recommend proceeding to the Design Certification Review or cancelling the mission. Include your rationale. Please target 500-1000 words for this installment. The briefing should be in APA format and include citations for at least 3 scholarly references

Week 5 Portfolio Project Discussion

In reading the DART Case Study, this is a monumental project that NASA is taking on. There are many moving parts that indicate the many risks involved in its completion or project failure. The six categories I chose and believe are most relevant are technology and performance, security, internal, scope, financial and environmental. Once the potential risks are listed it is critical to categorize and rate them from most critical to those that will have the least impact upon the project. This is how the project team can begin to develop and use qualitative and quantitative measures to assist in risk management response. With these in mind, we identify and label risks as high medium and low. High have a critical impact, increased likelihood of occurrence and will most likely delay or stop a project all together. Medium risk has the capacity to cause issue, conditions give the possibility of it happening. Low risk can be almost ignored as a bump in the process, but project teams should always remain aware of their present circumstance.

Essential Question

Has the cost outweighed the total expected value of the project?

Will our risk management plan delay the issues associated with the scope of the project?

Risk associated directly with DART

Financial PM high

Technology IT high

Scope Project Sponsor medium