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Risk, Issue, and Opportunity Management Guide for Defense Acquisition Programs , January , 2017

January 2017

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From the document: "This guide is one of several Department of Defense (DoD) policy and guidance documents that address the Department’s focus on risk management. It builds from and supersedes the DoD Risk Management Guide but reflects revisions to emphasize managing not only program risks but also issues and opportunities. Readers should assume that general references to managing risk would be tailorable to complementary activities addressing issues and opportunities. A range of policy, regulatory, or statutory directives call out risk management for its recognized positive relationship to program outcomes. However, the value of risk management is not tied to a formal adherence to policy. Rather the value lies in the Program Manager’s (PM) ability to apply critical thinking and adopt a culture of risk management that influences program decisions and execution of technical fundamentals. This approach aims to manage uncertainty and increase predictable outcomes in delivering capability to the warfighter."

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Department of Defense

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