Proj595-Risk Matrix-Excel Spread Sheet

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Risk

Risk Matrix

User’s Guide

Version 2.2

Pamela A. Engert

Zachary F. Lansdowne

MP99B0000029

November 1999

Approved for public release; distribution unlimited

© 1999 The MITRE Corporation

Acknowledgements

The upgrade of Risk Matrix from version 2.02 to 2.1 was a collaborative effort between the

Economic and Decision Analysis Center (EDAC) and the Systems Engineering Process

Office (SEPO) at MITRE. Both organizations are grateful to all of the team members that

made the update to this tool and users' guide possible. Version 2.2 includes additional

enhancements.

As the lead author, Pam Engert conducted research, decided the content, and coordinated

the teams efforts.

Zachary Lansdowne, Jennifer Anderson, and Michael Bloom provided notable support in

identifying necessary modifications for the update and verifying the implementation of the

changes.

Brian Schmidt implemented all of the code changes to the tool and provided valuable

insights to the review process.

Jennifer Anderson made significant contributions to the users’ guide in researching and

documenting system and year 2000 requirements as well as capturing graphics.

Zachary Lansdowne updated the text for Appendices A and B from the information that

was originally published in the Risk Matrix 2.02 documentation.

The careful editorial review provided by Diana Arimento greatly improved the readability

and overall flow of this users’ guide.

III

Table of Contents

Chapter

Page

INTRODUCTION

1

What Is Risk?

1

What Is Risk Matrix?

1

About This Guide

1

BASELINE RISK ASSESSMENT PROCESS

3

Planning for Risk Assessment

3

Identifying Program Objectives or Requirements

3

Defining Program Risks

4

Ranking Program Risks

5

Managing Program Risks

5

Managing Action Plans

6

Continuously Assessing Risks

6

GETTING STARTED

7

Customer Support

7

System Requirements

7

Year...