This essay is to answer following questions (the answers must be based on the attachment “NASA Risk Management Handbook”):
1. In page 31 it shows an excellent flowchart of the RIDM process. What is the key area in this process? What are the weaknesses in this process and how could they be improved?
2. On page 57 they mention the use of qualitative measures in the RIDM. What are some of the challenges using these types of measures?
3. In page 73 they mention the use of risk tolerances in performance measures. What are some striking comments that are made in this process?
4. In page 79 they reference considering alternatives. Please describe this process and how it may cause more confusion.