Techniques are available to support risk management activities. None are
required by DoD, but some have been successfully used in the past by DoD PMs.
Many of the techniques support processes that are part of sound management and
systems engineering and give Government and contractor PMs the tools for
considering risk when making decisions on managing the program.
Several tools have been developed to support each of the components of the
risk management process, i.e., planning, assessing, handling, and monitoring
and documenting. Although tool developers may claim otherwise, none are
integrated to totally satisfy all needs of a PM. Most likely, a PM will choose
an overall risk strategy, write a plan to reflect his strategy, review the
list of proven techniques to support the components of risk management, assess
the techniques against the programís needs and available resources, tailor the
techniques to suit the needs of the program, and train program office members
to implement the plan.