Project Risk Management

Program/Project Management Resource List #22

Developed March 2009

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 running past its budget or beyond its allotted time, it may still run aground,even though it is free of technical risks. For instance, the X-20 was well on its way to solving many of the technical problems related to winged spacecraft, but the great sums and the time spent on it were a major factor in its cancellation. 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 depressed economy. 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. For more information on budgetting time and money, please see our resource lists on Project Budgeting and Cost Control and Earned Value Management.

All items are available at the Headquarters Library, except as noted. NASA Headquarters employees and contractors: call x0172 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 policy and procedural requirements can be accessed by anyone through the NASA Online Directives Information System:
NASA Policy Directive 7120.4C Program/Project Management
 
NASA Procedural Requirements 7120.5D NASA Space Flight Program and Project Management Requirements
 
NASA Procedural Requirements 7120.8 NASA Research and Technology Program and Project Management Requirements
 
NASA Procedural Requirements 7120.7 NASA Information Technology and Institutional Infrastructure Program and Project Management Requirements
 
NASA Handbook 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.
HD61 .A64 2006 PPM-STACKS
 
Conrow, E.H. Effective Risk Management: Some Keys to Success. Reston, VA: American Institute of Aeronautics and Astronautics, 2003.
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.
HD61 .P765 2005 PPM-STACKS
Note: Also available as an e-book in SATERN.
 
Kendrick, Tom. Identifying and Managing Project Risk: Essential Tools for Failure-proofing Your Project. New York, NY: AMACOM, 2003.
HD61 .K46 2003 PPM-STACKS
Note: Also available as an e-book in SATERN.
 
Wang, John X. What Every Engineer Should Know About Risk Engineering and Management. New York, NY: Marcel Dekker, 2000.
TA169 .W36 2000 PPM-STACKS

E-books

All e-books listed here are available to NASA civil servants and contractors through the Books 24x7 service of SATERN.
 
Hillson, David, and Peter Simon. Practical Project Risk Management: The ATOM Methodology. Management Concepts: 2007.
 
Schuyler, John. Risk and Decision Analysis in Projects. Project Management Institute: 2001

Articles and Reports

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: (June 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)
 
Kujawski, Edouard. Why Projects Often Fail Even with High Cost Contingencies. LBNL--51349. Lawrence Berkeley National Laboratory, Berkeley, CA, Feb. 28, 2002.
(802046: (Feb. 2008) Dept. of Energy Information Bridge)
 
Noller, D. "Prime Value Method to Prioritize Risk Handling Strategies", in: INCOSE Annual Meeting, San Diego, CA, June 24-28, 2007
(920378: (Oct. 2008) Dept. of Energy Information Bridge)

Internet Resources

Blythe, Michael P. Program/Project Management. NASA Engineering Network. March 24, 2009 [March 26, 2009]
http://nen.nasa.gov/portal/site/llis/PM/
Note: This is also a gateway to NASA's Program/Project On-Line Library and Resource Information System.
 
Dunbar, Brian. Independent Program Assessment Office. April 7, 2006 [March 26, 2009]
http://ipao.larc.nasa.gov/index.cfm
 
O'Connor, Bryan. The NASA Risk Management Page. Nov. 13, 2008 [March 26, 2009]
http://www.hq.nasa.gov/office/codeq/risk/index.htm
 
Prusak, Laurence. Ask Magazine Archive. Budgets. March 2005 [March 26, 2009]
http://askmagazine.nasa.gov/archives/lessons.php?pagenub=1&item=1
 
__________. Ask Magazine Archive. Risk. August 2006 [March 26, 2009]
http://askmagazine.nasa.gov/archives/lessons.php?pagenub=1&item=22
 
__________. Ask Magazine Archive. Scheduling. March 2005 [March 26, 2009]
http://askmagazine.nasa.gov/archives/lessons.php?pagenub=1&item=23
 
  March 2009