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Standard Process for Risk and Issue Management in Acquisition Programs. Version 2.0: Air Force Life Cycle Management Center , January 21, , 2021

January 21, 2021

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From the report: "Description. This Risk and Issues Management standard process supplements the Air Force life cycle Risk Management direction for all Air Force Life Cycle Management Center (AFLCMC) organizations involved in system acquisition as directed by DoDI 5000.02, DoDI 5000.74, DoDI 5000.75, DoDI 5000.80, DoDI 5000.81 and AFI 63-101/20-101. Risk is a fundamental consideration from the first discussion of capability needs until final disposition of a materiel solution. The focus of this standard process is on risk management as a program management tool for acquisition programs acquiring weapon systems, information systems, system modifications, or services used by programs in the Program Executive Officer’s (PEO) portfolio to sustain these systems. Because the Air Force has chosen not to implement opportunity management as part of risk and issue management processes for acquistion programs, this standard process aligns with AFI 63-101/20-101. Risk management is accomplished through active planning, risk identification, analysis, handling, and tracking of program or project risks. To ensure AFLCMC programs provide decision makers with the best available risk and issue information, and meet Air Force risk management expectations, program offices shall perform the following activities."



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