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Project Risk Management

Program/Project Management Resource List #22

Developed Sept. 2012

Provided by the NASA Headquarters Library

"I love deadlines. I love the whooshing noise they make as they go by.", Douglas Adams

As a famous writer, Douglas Adams could take liberties with his projects. However, most people must deal with limited budgets and ever-encroaching deadlines. If a project is past its budget or beyond its allotted time, it may still run aground, even though it is free of technical risks. For instance, Howard Hughes' Spruce Goose successfully flew, but by the time it was done, the need for it had evaporated, and only the prototype remains.

On the other hand, a project that was completed on time and on budget may still fail, as in the case of an office building in a recession. The key is to balance both types of risk management with careful strategic planning. The resources listed here will help you work on the budget- and deadline-related issues in keeping a project on the rails. You may also find useful resources in our webpages on Project Management Introductory Texts, Project Budgeting and Cost Control, and Earned Value Management.

The following is a select bibliography of pertinent materials accessible to the patrons of the NASA HQ Library. All items are available at the Headquarters Library, except as noted. NASA Headquarters employees and contractors: Call x0168 or email Library@hq.nasa.gov for information on borrowing or in-library use of any of these items. Members of the public: Contact your local library for the availability of these items. NASA Headquarters employees can request additional materials or research on this topic. The Library welcomes your comments or suggestions about this webpage.


Contents: Policies Books E-books Articles and Reports Internet Resources

NASA Policies

The following policies and procedural requirements can be accessed by anyone through the NASA Online Directives Information System:
 
NASA Policy Directive 7120.4D NASA Engineering and Program/Project Management Policy
 
NASA Procedural Requirements 7120.5E NASA Space Flight Program and Project Management Requirements
 
NASA Procedural Requirements 7120.7 NASA Information Technology and Institutional Infrastructure Program and Project Management Requirements
 
NASA Procedural Requirements 7120.8 NASA Research and Technology Program and Project Management Requirements
 
NASA Procedural Requirements 8000.4A Agency Risk Management Procedural Requirements
 
This handbook can be accessed by anyone through the website of the NASA Technical Standards Program:
 
NASA-HDBK-8739.18 Procedural Handbook for NASA Program and Project Management of Problems, Nonconformances, and Anomalies

Books

Apgar, David. Risk Intelligence: Learning to Manage What We Don't Know. Boston, MA: Harvard Business School Press, 2006. ISBN: 1591399548
HD61 .A64 2006 PPM-STACKS
 
Committee for Oversight and Assessment of US Department of Energy Project Management, Board on Infrastructure and the Constructed Environment, Division on Engineering and Physical Sciences, National Research Council of the National Academies. The Owner's Role in Project Risk Management. Washington, DC: National Academies Press, 2005. ISBN: 9780309095181
HD69 .P75 N38 2005 PPM-STACKS
Available to the general public through the National Academies Press.
 
Conrow, E.H. Effective Risk Management: Some Keys to Success. Reston, VA: American Institute of Aeronautics and Astronautics, 2003. ISBN: 1563475812
HD61 .C663 2003 PPM-STACKS
 
Cooper, Dale F., et al. Project Risk Management Guidelines: Managing Risk in Large Projects and Complex Procurements. Hoboken, NJ: J. Wiley, 2005. ISBN: 0470022817
HD61 .P765 2005 PPM-STACKS
Available as an e-book in SATERN.
 
Dezfuli, Homayoon, et al. NASA Risk-Informed Decision Making Handbook. Washington, DC: Office of Safety and Mission Assurance, NASA Headquarters, 2010.
HD61 .N373 R575 2010 BOOKSTACKS
Available as an e-book at http://www.hq.nasa.gov/office/codeq/doctree/NASA_SP2010576.pdf
 
__________. NASA Risk Management Handbook. Washington, DC: National Aeronautics and Space Administration, 2011.
HD61 .N373 R576 2011 BOOKSTACKS
Available as an e-book at http://www.hq.nasa.gov/office/codeq/doctree/NHBK_2011_3422.pdf
 
Kendrick, Tom. Identifying and Managing Project Risk: Essential Tools for Failure-proofing Your Project. New York, NY: AMACOM, 2003. ISBN: 0814407617
HD61 .K46 2003 PPM-STACKS
Available as an e-book in SATERN.
 
Martin, Paula K. The Professional Guide to Risk Assessment: The MTA Step-by-step Method. Cincinnati, OH: Martin Training Association, 2004. ISBN: 0972396438
HD61 .M37 2004 PPM-STACKS
 
Mulcahy, Rita. Risk Management: Tricks of the Trade for Project Managers: A Course in a Book. Minneapolis, MN: RMC Pub., 2003. ISBN: 0971164797
HD61 .M85 2003 PPM-STACKS

E-books

All e-books listed here are available to NASA civil servants and contractors through the Books 24×7 service of SATERN.
 
Clayton, Mike. Risk happens!: Managing Risk and Avoiding Failure In Business Projects.Marshall Cavendish, 2011. ISBN: 9789814328302
 
Cleden, David. Managing Project Uncertainty. Gower Publishing Limited, 2009. ISBN: 9780566088407
 
Harris, Elaine. Strategic Project Risk Appraisal and Management. Gower Publishing Limited, 2009. ISBN: 9780566088483
 
Hillson, David. Managing Risk in Projects. Gower Publishing Limited, 2009. ISBN: 9780566088674
 
__________, and Peter Simon. Practical Project Risk Management: The ATOM Methodology. Management Concepts, 2007. ISBN: 9781567262025
 
Project Management Institute. Practice Standard for Project Risk Management. Project Management Institute, 2009. ISBN: 9781933890388

Articles and Reports

Bonnema, Bruce Edward. "Incorporating the Technology Roadmap Uncertainties into the Project Risk Assessment", in: Waste Management 2002 Symposium, Tucson, AZ, Feb. 24-28, 2002.
(911321: (Aug. 2009) DOE Information Bridge)
 
Connley, Warren, Adrian Rad, and Stephen Botzum. "Integrated Risk Management Within NASA Programs/Projects", in: Space Systems Engineering and Risk Management, Manhattan Beach, CA, 2004.
(20040082140: (May 2008) NTRS)
 
Cooper, L.P. "Assessing risk from a stakeholder perspective", in: IEEE Aerospace Conference, Big Sky, MT, March 8, 2003.
(20060030275: (Dec. 2006) NTRS)
 
Fisher, K., et al. "Risk management integration into complex project organizations", in: IEEE Aerospace Conference, Big Sky, MT, March 9, 2002.
(20060031962: (Dec. 2006) NTRS)
 
Johnson, Paul W. "ePORT, NASA's Computer Database Program for System Safety Risk Management Oversight (Electronic Project Online Risk Tool)", in: International System Safety Regional Conference 2008, Singapore, April 21-23, 2008.
(20080030091: (Jan. 2010) NTRS)
 
Kindinger, J. P. "Systems approach to project risk management", in: 6th International Conference on Probabilistic Safety Assessment and Management, San Juan, PR, June 23-28, 2002.
(975931: (Oct. 2010) DOE Information Bridge)
 
Pinto, Ariel C., Ashish Aurora, and Dennis E. Hall. "Challenges to sustainable risk management", in: American Society for Engineering Management, Blacksburg, VA, Oct. 20-23, 2004.
(840582: (Feb. 2008) DOE Information Bridge)

Internet Resources

Hulett and Associates. Aug. 22, 2012 [Sept. 18, 2012]
http://www.projectrisk.com/index.html
 
Institute of Risk Management. 2012 [Sept. 13, 2012]
http://www.theirm.org/
 
King, Katherine. Independent Program Assessment Office. June 4, 2012 [Sept. 13, 2012]
http://ipao.larc.nasa.gov/index.cfm
 
PMI Project Risk Management Community of Practice. 2012 [Sept. 13, 2012]
http://risk.vc.pmi.org/Public/Home.aspx
 
Trevarthen, Ellie. ASK Magazine Lessons. July 9, 2012 [Sept. 13, 2012]
http://www.nasa.gov/offices/oce/appel/ask/archives/lessons_index_M-Z.html

Last Updated: Sept. 2012