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Carter X.

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The Risk Template

NASA identifies any potential risk using the following variables:

  1. Condition: A fact-based situation that is causing concern or doubt.
  2. Departure: The variation or potential change that the condition will cause.
  3. Asset: The project which gets delayed or affected.
  4. Consequence: The potential damage or negative impact that the ‘condition’ can have on the ‘Asset’.

The Risk Assessment has to only include facts, and not speculations or assumptions, while ensuring that the risk identification does not introduce new risks.

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Managing risk with the NASA Risk Matrix

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