Annual Meeting Enhancing Risk Management in the International Space Station Program. When the space station program was reorganized in 1993, a deliberate effort was made to implement an effective integrated risk management approach on the new program. The space station program has been an excellent test bed for integrated risk management methods, techniques, and tools. This paper reviews the programmatic approach taken to integrated risk management in the International Space Station program, some lessons learned, and enhancements to the integrated risk management process that are currently being developed. A new method of risk scoring has been developed which better reflects program risk than traditional measures.
Risk is scored as a function of top level program objectives.
This method is being further refined to allow for the evaluation and prioritization of proposed risk mitigation activities based on risk reduction, likelihood of success, and cost of mitigation. Further, risk indicators and metrics from various program sources have been combined into program risk indicators, and a monthly assessment of integrated program risk has been developed. Also, an integrated functionality risk model is under development as well as a political risk assessment model. Lastly, and standardized configuration management decision package formats are being developed to better address risk.