Life Cycle Risk Management Class Coming to Edwards in March

Published Feb. 9, 2011
By 95th Air Base Wing Public Affairs

EDWARDS AIR FORCE BASE, Calif. -- The Air Force Institute of Technology will offer SYS 208, "Life Cycle Risk Management," at Edwards March 7-9.

This funded class covers the basics of program risk and introduces a process to help effectively manage it throughout a program's life cycle within Air Force regulations and guidance. The course offers 21 Continuous Learning Points and is targeted for anyone involved in new acquisitions, sustainment of systems, or management of services.

During the three-day course, students will learn about the Air Force‟s five-step risk management process. Each step is discussed in detail and tools and techniques associated with each are broadly covered. Numerous exercises are used to contribute to student learning.

Examples of topics covered include risk management planning, identifying risks and writing risk statements, subject-matter-expert "calibration", Monte Carlo simulation, risk mitigation and handling options and measuring and tracking risk management activities. The concept of opportunity management is also touched upon.

For more information, contact Teresa Thomas at DSN 785-7777 ext. 3222 or Richard Sugarman at extension 3247. To register for a seat in SYS 208, visit the AFITNow website at https://www.atrrs.army.mil/channels/afitnow/.