Accession Number:

ADA608647

Title:

Risky Business: Why DoD Needs a New Risk Management Paradigm

Descriptive Note:

Journal article

Corporate Author:

MARINE CORPS PEO (LAND SYSTEMS) QUANTICO VA

Personal Author(s):

Report Date:

2013-08-01

Pagination or Media Count:

5.0

Abstract:

Department of Defense Instruction DoDI 5000.2--Operation of the Defense Acquisition System--the DoDs Bible for Program Management PM, uses the word risk 67 times within its 80 pages but only has a minimal passing reference to Risk Management in the section related to service contracting, defining it as An assessment of current and potential technical, cost, schedule, and performance risks and the plan for mitigating or retiring those risks. The Project Management Institute PMI Guide to the Project Management Body of Knowledge also known as the PMBOK includes a much longer chapter on Risk Management RM. Given that risk is a significant concern in DoD programproject management, why is the process of managing risk given such short shrift in the DoDI 5000.2, particularly in comparison to the commercially focused PMBOK Is the commercial PM community more concerned with RM than is the DoD community

Subject Categories:

  • Administration and Management
  • Logistics, Military Facilities and Supplies

Distribution Statement:

APPROVED FOR PUBLIC RELEASE