Challenger Space Shuttle Proiect Failure [Risk E Costl The immediate cause of the Challenger disaster was the failure of two rubber l[IIrings to seal a joint between the two lower segments of the right-ha nd solid rocket booster. This failure was due to severe cold, and it opened a path for hot exha ust gas to escape from inside the booster during the sh uttle's ascent. BACKGROUND Managers seeking to assess risk within complex systems face enormous challenges. They must identify a seemingly endless number of risks and develop contingency plans accordingly. In ISFE, the National Aeronautics and Space Administration [NASA] unveiled the world's first reusable manned spacecraft, known as the space shuttle. Five years later, shuttle flights began when Columbia travelled into space on a 54-hour mission. Launched by two solid-rocket boosters and an external tank, the airc raft-like shuttle entered into orbit around Earth. When the mission was completed, the shuttle fired engines to reduce speed and, after descending through the atmosphere, landed like a glider. Early shuttles tool: satellite equipment into space and carried out various scientific experiments. [History.com]. the second NASA space shuttle to enter service was the challenger, ii: median voyage was planned for 4th April 1933, and it has made a total of nine voyage prior to 1935. It was planned to lunch on the 22 January with ? crew member. But due to weather and some technical conditions, it was delayed for days. The 23th ofJanuary, the day it was lunched, was unusually cold, and the engineers warned their superiors that certain components, particularly the rubber 0 rings that sealed the joints of the shuttle's solid rocket booster were vulnerable to failure at low temperature. These warnings were however not heeded, and the challenger lifted at 11:39 am and seventy three seconds later, the challengers ex ploded in presence of family and friends killing the entire crew. Question 1: Project Risk Management processl would adopt Question 2: {CDST} what is critical success factor on project tinancials. Time: 1::IIIEII minutes Dpen Book Group Work Not less that 5 pages including title page [All group members should no on the cover page