Programmatic risk management system

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Description

The purpose of the Programmatic Risk Management System (PRMS) is to evaluate and manage potential risks associated with proposed projects (i.e., new products or processes, or possible research and technological development projects). Although the PRMS considers some technical aspects of risk, the primary focus of the methodology is programmatic risk. That is, the methodology permits an assessment of risks associated with such issues as the ability to successfully produce a product that performs in accordance with all customer requirements, and the availability and allocation of resources (money, equipment, facilities, skilled personnel). The PRMS process consists of five formalized activities that ... continued below

Physical Description

13 p.

Creation Information

Mahn, J. & Wood, C.L. July 1, 1996.

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This article is part of the collection entitled: Office of Scientific & Technical Information Technical Reports and was provided by UNT Libraries Government Documents Department to Digital Library, a digital repository hosted by the UNT Libraries. It has been viewed 25 times . More information about this article can be viewed below.

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Authors

  • Mahn, J. Sandia National Labs., Albuquerque, NM (United States)
  • Wood, C.L. Automated Solutions of Albuquerque, NM (United States)

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  • Sandia National Laboratories
    Publisher Info: Sandia National Labs., Albuquerque, NM (United States)
    Place of Publication: Albuquerque, New Mexico

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Description

The purpose of the Programmatic Risk Management System (PRMS) is to evaluate and manage potential risks associated with proposed projects (i.e., new products or processes, or possible research and technological development projects). Although the PRMS considers some technical aspects of risk, the primary focus of the methodology is programmatic risk. That is, the methodology permits an assessment of risks associated with such issues as the ability to successfully produce a product that performs in accordance with all customer requirements, and the availability and allocation of resources (money, equipment, facilities, skilled personnel). The PRMS process consists of five formalized activities that are essential for effective management of risks associated with proposed projects. These activities include risk assessment, development of appropriate risk mitigation strategies, estimating strategy implementation cost, ranking of risk mitigation strategies for resource allocation, and scheduling of strategy implementing. The PRMS utilizes a ranking system that allows the user to identify the most cost-effective investment of resources of minimizing risk.

Physical Description

13 p.

Notes

OSTI as DE96011845

Source

  • 14. national system safety conference, Albuquerque, NM (United States), 12-17 Aug 1996

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Identifier

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  • Other: DE96011845
  • Report No.: SAND--96-1322C
  • Report No.: CONF-960869--2
  • Grant Number: AC04-94AL85000
  • Office of Scientific & Technical Information Report Number: 251292
  • Archival Resource Key: ark:/67531/metadc666135

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Office of Scientific & Technical Information Technical Reports

Reports, articles and other documents harvested from the Office of Scientific and Technical Information.

Office of Scientific and Technical Information (OSTI) is the Department of Energy (DOE) office that collects, preserves, and disseminates DOE-sponsored research and development (R&D) results that are the outcomes of R&D projects or other funded activities at DOE labs and facilities nationwide and grantees at universities and other institutions.

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Creation Date

  • July 1, 1996

Added to The UNT Digital Library

  • June 29, 2015, 9:42 p.m.

Description Last Updated

  • April 14, 2016, 8:44 p.m.

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Citations, Rights, Re-Use

Mahn, J. & Wood, C.L. Programmatic risk management system, article, July 1, 1996; Albuquerque, New Mexico. (digital.library.unt.edu/ark:/67531/metadc666135/: accessed December 16, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.