5. Section 1.3 presented a risk management process with steps considered generally the same for most engineering system projects . This process was illustrated in Figure 1.2, which is repeated below for convenience. (a) Discuss how this process might be tailored for use in a risk management program designed for engineering a system-of-systems. (6) Discuss how this process might be tailored for use in a risk manage- ment program designed for engineering an enterprise system, one that consists of a web of systems and systems-of-systens. 12 Engineering Risk Management Probabilities and Risk events and their consequences of risk relationships are defined ASSO events are assessed Probability & Consequences may Consequence include cost, schedule. Identify 1. Risk 2. Risk technical performance Risks Identification Impact impacts, as well as Assessment capability or functionality impacts Reassess existing nisk events and identity Watch-asted Asessisk new risk events Bisk Criticality Tracking Decision analytic rules applied to rank-order 4. Risk Mitigation 3. Risk Identified risk events Planning Proration from most to least- Implementation, Risk Matigation Analysis critical and Progress Monitoring Fisk events assessed as medium or high catically night go intonsk mitigation planning and implementation: low critical risks might be tracked monitored on a watch-list Figure 1.2: Steps common to a risk management process