In an effort to deal with project cost growth, the Department of Defense (DoD) has superimposed an increasingly complex network of management controls. Recent initiatives have resulted in management techniques geared to tracking and predicting budget and schedule performance. Project decisions are made after cost and schedule impacts have been carefully considered, but the impacts of cost and schedule decisions on technical risk and vice versa are not well understood. The tendency is to measure technical performance after the fact and not use predictions and up-to-the-minute impact data to make decisions. It is this lack of technical balance that continues to stifle improvement in DoD management systems and weapon systems. Consequently, the requirement to develop a technical risk assessment and reporting system cannot be overstated.