NASA risk management analysis Essay Example | Topics and Well Written Essays - 750 words

NASA risk management analysis - Essay Example The weaknesses clearly indicated in the RIDM process flowchart include understanding the stakeholders’ expectations. In any organization, the number of stakeholders and their expectations can be uniquely different, thus causing a major collusion of defining their overall expectations. This will make it even harder to make a performance measurement analysis, therefore, creating yet another reason to start the first step again. Starting again from step one will require the usage of resources both material and financial and an extension of the time difference created will need to be either replaced or induced into an overtime system. Another weakness is if the imposed constraints are altered in the midst of evaluating the performance of the proposed decisions. If the imposed constraints are altered, then the entire research will need to begin from the first step in order to cover all areas of identifying risks and opportunities. Qualitative measures define the manner in which reports of the performance measures are presented in a constructed scale (NASA, 2011). When it comes to the representation of data from the RIDM process of the performance measures stage, the information will not contain any numerical information. Every detail will be presented in constructed scale that project the rank terms. This type of data presentation requires professional quality analysis skills to interpret the information and make it much easier for everyone to understand it. Technology readiness level is one example of a parameter that measures quality performance. The main challenge in using quality measures is that there are too much articulated content in the reports when the public who will review it would much rather have a summary of it to save up on the time spent reviewing it. This can even influence the lack of review of this information that is paramount while conducting the RIDM procedure. Due to the complexity of the information presented, the skills