**4.7. Risk Analysis
Illustration**

The following example illustrates what has been presented in this section
with the critical card example used earlier:

The program office has identified a risk in conducting a developmental
test.

· The first question to ask is
why the test might not be able to be conducted. The answer is that the
circuit cards for one component may not be available. In asking the
question “why” a second time, the answer is that power conversion circuit
cards for one component may not be available in time for system integration to
meet the test schedule. The risk causal factor is this availability of
power conversion circuit cards. (Alternately, if the power conversion
circuit card is no longer in production, then you have a completely different
risk that will require a different mitigation plan.) Thus, this is a
schedule risk.

· The next question to ask is
whether this test is on the critical path or near the critical path.
Again, the answer is determined to be “no” because the test has some schedule
risk mitigating slack. Therefore the consequence is minimal since it
will not likely impact a major milestone. Thus, this risk is reported as
shown in Figure 6.