Professional Documents
Culture Documents
ASSIGNMENT
Group 19:
Venkattarajesh | Saivenkateswar | Kailash
Date: 03, September 2021
Q1: What would be your suggestion to the project manager on the Launching of Space flight?
Should he give an order to fire or not? Justify.
Critical Issues that emerged after Critical Events Benefits of delaying the launch of Mars Mission
Readiness Review
• BMSA Instruments: • Possibility of reducing the risk associated with landings as higher
• Risks were reduced to 3 but the likelihood was still 3 leading to resolution images will be available thus reducing the overall risk to
an overall heat map score of 9 indicating yellow risk below 5%
• Landing site risks:
• 20% probability exists that the lander would not land • Delay would give them time to mitigate other risks which are
successfully unknown at present(Unknown of unknown)
• With a likelihood of 3 and a consequence of 5, overall heat map score
of 15 falls in red zone • Failure of this project can have catastrophic effects on the prospects
• 6 yellow category risks were identified in the PMSR stage which of future funding because the previous MARS mission was also
reduced to 2 in the CERR stage (one in yellow and one in red unsuccessful
category)
• Overall probability of success of EDL stage was 80% which was much • An increase of 20%-40% in cost would substantially increase the
lesser than the acceptable range of 90% and more probability project success
The probability of success of project is 80% which falls below the acceptable range of 90%, hence the MBE project must be
delayed to mitigate known and unknown risks. Hence, we would suggest Mr. Lee not to fire the Space flight MBE.
Q2:Comment on the process followed by Jet propulsion? (1/3)
The board questioned and challenged project engineers thereby giving an outsider’s perspective to project
engineers regarding the possible risks associated with the project
For any new project, following steps were followed to mitigate the risks:
•Identification of Risks
• Risks associated with the project were listed out by the various departments involved in the project
• Categorisation of Risks
• Business as usual Risks – To be dealt with Standard Mitigation
• Development Risks – Action Plan Implemented upon RRB Meeting
• Unknown Unknowns Risks - What if Analysis by RRB Members
• Development of Risk Management Plan
•Take actions
• Actions Review and Report were taken as decided upon in the meeting with the senior management
• These were reviewed continuously during the course by the concerned authorities
• Final report, that contains the assessment of the risk after the proposed actions have been implemented
• The report was reviewed by the higher management and then the proposal was accepted.
Q3:Do you consider Lee as a Good Risk Manager
Because of the aforementioned reasons, we believe that Lee was a good Risk Manager
Justification on Lee’s skills