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 program's needs and
available resources, tailor the techniques to suit the needs of the program,
and train program office members to implement the plan.