NASA’s Risk Management (RM) program recently released an updated version of the RM Handbook. This marks the first update to the handbook since the initial version was released in 2011.

The handbook reflects the latest NASA RM practices and the need for a more comprehensive and integrated approach to RM. The creation of the Agency Risk Management Officer (ARMO) role contributed to the need for a revised framework that aligns with the agency's strategic goals and increasingly complex operations, such as commercial partnerships and new technology. The handbook's evolution reflects a shift towards a more flexible, yet structured, approach to managing risk across all levels of the agency and incorporates lessons learned from past experiences.

The RM Handbook aims to provide a fully integrated and holistic approach to managing all internal and external risks that threaten NASA's objectives. Key purposes include:

• Codifying NASA's RM vision: The handbook formalizes the agency's commitment to a comprehensive RM discipline, as outlined in NPR 8000.4C.
• Integrating RM across NASA: The handbook promotes a consistent approach to RM across all levels of the agency, from programs and projects to institutional organizations and international collaborations. This includes aligning RM with NASA's strategic goals.
• Supporting risk-informed decision-making: The handbook emphasizes using risk-informed decision-making to ensure that decisions are made with a thorough understanding of associated risks.
• Defining risk leadership: The handbook establishes the roles and responsibilities of management authorities in setting risk postures and allocating risk among various organizational entities.
• Providing flexibility within a defined framework: The handbook balances the need for a structured approach coupled with the flexibility of adapting to evolving contexts, such as new technologies or acquisition strategies, provided risks are understood and managed appropriately.
• Offering guidance, not directives: The handbook presents principles and practices for RM and emphasizes adaptation to specific situations. It does not intend to act as a rigid set of rules.

The RM Handbook is presented in two volumes. Part I focuses on fundamental concepts, principles and processes while Part II provides examples of core RM activities.

“Updating the handbook was a collaborative effort amongst five authors and 30-plus reviewers across several NASA centers and programs, and three outside partners,” said Dr. Mary Skow, ARMO. “Their contributions were integral to the construction of this handbook and their efforts will contribute to the overall effort of managing risk at NASA.”

The handbook is intended to be a living document that Subject Matter Experts will update continuously as new information becomes available. A working group will continue to evaluate feedback, share lessons learned and update technical protocols, as needed.

View Part I of the updated version of the RM Handbook here and view Part II here.

Contact Dr. Skow with questions.