NASA-NPR 8000.4 w/Change 1 - 4/13/04 Risk Management Procedures and Guidelines

National Aeronautics and Space Administration (NASA). This NASA Procedural Requirements. Effective Date: April 25 2002. Expiration Date: April 25, 2008. Revalidated: Janyary 2, 2007. 15 p. Risk Management (RM) (see Appendix A, Glossary) is an organized, systematic decisionmaking process that efficiently identifies, analyzes, plans (for the handling of risks), tracks, controls, communicates, and documents risk to increase the likelihood of achieving program/project (see Appendix A, Glossary) goals. RM is therefore essential to sound program/project management and vital to safety and mission success. This NASA Procedural Requirement (NPR) provides the requirements and information for applying RM to programs and projects as required by NPR 7120.5, "NASA Program and Project Management Processes and Requirements," and as required by NPD 8700.1, "NASA Policy for Safety and Mission Success."