BAE Systems uses a mature process to manage risk on all projects, regardless of size or lifecycle stage. Results of its internal process are routinely communicated to senior management and the customer. This on-going client dialog helps ensure that all projects adhere to cost, schedule, and performance standards, and enables BAE Systems to meet or exceed customer expectations.
A standard categorization process facilitates cross-project risk review. BAE Systems’ central risk register represents a valuable resource for a project manager seeking information about successful risk mitigation strategies.