Early CAS activities 4.4. Key processes are those which, if not properly controlled, can adversely affect contract performance, cost, or schedule. TPMs are a tool that can be used to monitor technical performance, and may predict negative variances in technical Earned Value Management System control accounts. Negative variances in control accounts show cost overruns or schedule slippages that can adversely impact program progress or major end item performance. One element of risk assessment is risk analysis.
Risk analysis considers the probability and consequence of failure to meet requirements.
The outcome of the risk analysis is a risk rating of high, moderate, or low, for each engineering system or key process being considered. This should then result in a prioritized risk list. Systems Engineering and Design Engineering risk matrices are provided to aid in assigning risk ratings. Risk assessment of the key processes impacting technical EVMS control accounts must be used to determine the level of risk monitoring required. The risk handling plan must include the intensity, schedule, and frequency of the risk handling methods chosen.