3.3.6 Risk Management & Problem Solving

Question 1

What is Acquisition Program Baseline (APB)?

Answer 1

Acquisition Program Baseline (APB)
– An agreement between the Program Manager (PM) and the Milestone Decision Authority (MDA) that documents the program cost, schedule, and
performance baselines

– Shall include sufficient parameters to describe cost, schedule, performance
thresholds and objectives
- APB IS NOT HOW WE HANDLE RISK, IT IS WHERE WE START FROM

Question 2

What question does risk planning answer?

Answer 2

What is the program approach for addressing potential unfavorable consequences?

Question 3

In risk handling options, what is the definition of control? Examples?

Answer 3

Reduce probability/impact of occurrence to an acceptable level

Examples: Pre-planned Product Improvement (P3I), reuse software, parallel design, dual path,
test

Question 4

In trade study fundamentals, what does the methodology provide?

Answer 4

Methodology provides rational, objective, and repeatable justification
and documented results