Risk Management

TCI uses risk management as a systematic approach to identifying, analyzing, and controlling areas or events with a potential for causing unwanted change. Risks to the program are assessed and systematically managed to reduce risk to an acceptable level.

TCI risk management process assesses risk areas from program initiation and continuously updates thereafter; assesses the likelihood of occurrence and consequences; incorporates actions to control risk events; and monitors progress toward meeting program goals. Our team members address where risk management or reduction should be focused, with limited resources available; how much risk is acceptable; acceptable risk sharing between industry and government; and risk trade-offs that lead to success. The approach taken is tailored, taking into account program constraints and acquisition strategy. TCI provides the following risk management products and services:

• Develop risk management plan and planning functions
• Provide risk information forms, survey, and IPT support
• Perform risk management evaluation using P/CS assessment tool analysis and Assessment Reports