the adequacy of the contractor’s Earned Management (EVM) process and the realism of the integrated baseline for managing the program. The ability of the system configuration to achieve the Production/Facilities. program's production objectives based on the system design, manufacturing processes chosen, and availability of manufacturing resources (repair resources in the operations and support phase). Logistics and Supply. The ability of the system configuration and associated documentation to achieve the program's logistics and supply objectives based on the system design, maintenance concept, support system design, and availability of support data and resources. 7.2.3. Analysis. Risk analysis is an evaluation of the identified risk events to determine possible outcomes, critical process variance from known best practices, the likelihood of those events occurring, and the consequences of the outcomes. Once this information has been determined, the MAJESTIC risk event will be rated against the Air Force’s standardized criteria and an overall analysis of low, moderate, or high assigned. Tables 7.1 through 7.5 depict the MAJESTIC risk reporting matrix and definitions (from AFPAM 63-128). Table 7.1. MAJESTIC 5x5 Risk Reporting Matrix. 5 G Y R R R G 4 G Y Y R R 3 G G Y Y R 2 G G G Y Y Likelihood 1 G G G G Y 1 2 3 4 5 Consequence Table 7.2. MAJESTIC Risk Probability Criteria. Level Likelihood Probability of Occurrence 1 Not Likely 5-20%
the adequacy of the contractor’s Earned Management (EVM) process and the realism of the integrated baseline for managing the program. Production/Facilities. The ability of the system configuration to achieve the program's production objectives based on the system design, manufacturing processes chosen, and availability of manufacturing resources (repair resources in the operations and support phase). Logistics and Supply. The ability of the system configuration and associated documentation to achieve the program's logistics and supply objectives based on the system design, maintenance concept, support system design, and availability of support data and resources. 7.2.3. Analysis. Risk analysis is an evaluation of the identified risk events to determine possible outcomes, critical process variance from known best practices, the likelihood of those events occurring, and the consequences of the outcomes. Once this information has been determined, the MAJESTIC risk event will be rated against the Air Force’s standardized criteria and an overall analysis of low, moderate, or high assigned. Tables 7.1 through 7.5 depict the MAJESTIC risk reporting matrix and definitions (from AFPAM 63-128). Table 7.1. MAJESTIC 5x5 Risk Reporting Matrix. Likelihood 5 G G Y R R R 4 G Y Y R R 3 G G Y Y R 2 G G G Y Y 1 G G G G Y 1 2 3 4 5 Consequence Table 7.2. MAJESTIC Risk Probability Criteria. Level Likelihood Probability of Occurrence 1 Not Likely 5-20%
Risk%20Management%20Plan%20ADDM%20Template%20v%201.1.docx