3. Background. References
(a) and (b) mandate that PM and
other acquisition managers continuously assess program risks to ensure that
risks are well understood and that approaches are developed in a timely fashion
to manage risks. To this end, PEO TSC has always directed and attempted to
incentivize a strong RMP with programs. Due to the complexity and degree of
interdependence or PEO TSC programs, there exists a need to strengthen the PEO
TSC RMP. This need is strong both within as well as among programs. Most of PEO
TSC's attention heretofore has been on the former. More attention is need on
both, but particularly the latter, i.e., the interactions among programs. This
is primarily due to growing interdependencies of systems and components and to
expanded scope of warfare area missions. This increased focus on system and
program relationships requires a standard and more consistent RMP within
individual programs.
This standardization and commonality
will enable the necessary balance between intra and inter-program risk. PEO TSC
Management's responsibilities in Risk Management (RM) include defining a RMP,
ensuring that all PMs adhere to the process, and maintaining consistency and
focus on the importance of RM within the PEO. It is the intent of PEO TSC to
encourage an open dialogue of intra and inter program risk within a disciplined
process.