Most real world activities inherently involve risk. The risks associated with such endeavors may include mission failure, damage to valuable equipment, failure to meet schedule, cost over-runs, damage to third party property, injury to participating personnel or the public, or damage to reputation. These risks must be controlled if an organization is going to succeed in the long term.
Risk management is the process by which risk is identified and controlled.
NASA requires all project and program managers to practice risk management as part of their management duties. Risk assessment is a technical function in which various analytical techniques are employed to quantify or categorize risk. Acceptance of the risk that remains after these mitigation efforts is inherently and solely a management function. The Safety Office serves management by providing independent risk assessment services. The Safety Office is here to serve your project's risk assessment and mitigation needs.