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Risk is analyzed in many ways, such as technological maturity, manufacturing capacity, quality standards, manufacturing design, material and supply chain capacity, interoperability, operational survival, aggressiveness of the schedule, cost reasonableness, among many others. Each MOE and capability may carry an associated risk.
The role of the Chief Operational Risk Officer (CORO) continues to evolve and gain importance. In addition to being responsible for setting up a robust Operational Risk Management function at companies, the role also plays an important part in increasing awareness of the benefits of sound operational risk management.
The United States Department of Defense's Office of Net Assessment [1] (ONA) was created in 1973 by Richard Nixon to serve as the Pentagon's "internal think tank" that "looks 20 to 30 years into the military's future, often with the assistance of outside contractors, and produces reports on the results of its research". [2]
In 1985, Naval Material Command was disestablished, placing the systems commands directly under the Chief of Naval Operations; an Office of Naval Acquisition Support was established to create acquisition support for functions that spanned across Commands, and which required a degree of independence in their operations.
Applied Management Engineering (AME) was approached by a research group working on a project that was sponsored by NACUBO. The group asked for a written description of the facility condition assessment process, and related data analysis. [citation needed] The resulting written process and analysis served as the basis for the book. [1]
The Operational Test and Evaluation Force (OPTEVFOR) is an independent and objective agency within the United States Navy for the operational testing and evaluation (OT&E) of naval aviation, surface warfare, submarine warfare, C4I, cryptologic, and space systems in support Navy and Department of Defense acquisition programs.
FAA Order 8040.4 establishes FAA safety risk management policy. The FAA publishes a System Safety Handbook that provides a good overview of the system safety process used by the agency. IEEE 1584-2002 Standard which provides guidelines for doing arc flash hazard assessment.
The DASN (ELM) reports to the Assistant Secretary of the Navy for Research, Development and Acquisition, and serves as the principal adviser to the assistant secretary involving three areas: expeditionary and ground programs; rapid acquisition and urgent needs; and logistics and sustainability.