Identify two risks in NASA. Write two to three pages per risk and address the three core challenges identified by Segal which is listed below:

1. Inability to quantify strategic and operational risk

2. Unclear definition of risk appetite

3. Lack of integration of ERM into decision making

How has NASA addressed these challenges, or how could they address the challenges for the risk involved? If the risks in question are being managed, explain how by applying the Enterprise Risk Management (ERM) criteria. If they are not being managed, explain how they could be managed, applying the ERM criteria.

Here are the 10 ERM criteria:

1. Enterprise-wide
2. Includes all risks
3. Focuses on key risks
4. Integrates across risk types
5. Aggregates metrics
6. Includes decision making
7. Balances risk and return management
8. Makes appropriate risk disclosures
9. Measures value impacts
10. Focuses on primary stakeholders