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. (b) 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-systems. Risk events and their relationships are defined Probabilities and consequences of risk events are assessed Assess Probability & Consequence Identify Risks 1. Risk Identification 2. Risk Impact Assessment Consequences may include cost, schedule, technical performance impacts, as well as capability or functionality impacts Reassess existing risk events and identify new risk events Watch-listed Assess Risk Risks Criticality Risk Tracking Decision-analytic rules applied to rank-order identified risk events from most-to least- critical 4. Risk Mitigation Planning, Implementation, and Progress Monitoring 3. Risk Prioritization Analysis Risk Mitigation Risk events assessed as medium or high criticality might go into risk 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