4.3.4 Risk Management Is Integral to Integrated
Product and Process Development (IPPD)
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.