4.3.4 Risk Management Is Integral to Integrated Product and Process
One of the tenets of IPPD is multidisciplinary teamwork through IPTs, which
are an integral part of the defense acquisition oversight and review process.
The Integrating IPT (IIPT) is a valuable resource to assist in developing a
risk management plan and should be used accordingly. The PM should ensure that
the requirements of the Overarching IPT (OIPT) are reflected in the plan.
Working with the OIPT, the PM can establish the type and frequency of risk
management information that an OIPT requires, and refine management
organization and procedures. This should be done during the initial OIPT
meetings. OIPTs will most likely require information concerning:
- Known risks and their characteristics, e.g., probability of occurrence
- Planned risk-handling actions, funded and unfunded,
- Achievements in controlling risks at acceptable levels.
IIPTs and OIPTs may also require details on the PM’s risk management
program, access to the risk management plan, and the results of specific risk
assessments. In addition, PMs may want to present selected information to
IIPTs and OIPTs to help substantiate a position or recommendation, e.g., help
support a budget request.