As an example of the situation in Problem 17€“6, Figure shows risk categories at the program, subsystem, and functional levels. Starting at the bottom, data are developed for five engineering indicators and rated according to €œhigh,€ €œmedium,€ or €œlow€ risk. Results of this assessment are then summarized for each subsystem to provide a system overview. This is often considered a template risk analysis method. What are the advantages and disadvantages of this approach? Why is this method not used extensively today?

Transcribed Image Text:

PROGRAM SUMMARY SUBSYSTEM SUMMARY ENGINEERING INDICATORS COMMAND SONAR WARHEAD PROPULSION FLEET EXERCISE CONTROL DESIGN ■ TEST PRODUCTION COST MANAGEMENT LEGEND: ■ :"MEDIUM" E -HIGH" "LOW"