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Assignment:
Identify two risks in NASA. The risks are 1. Loss of Mission 2. Budget cut from congress. Explain these two risks as much as possible. Write two to three pages per risk and address the three core challenges identified by Segal which is listed below:
1. Inability to quantify strategic and operational risk
2. Unclear definition of risk appetite
3. Lack of integration of ERM into decision making
How has NASA addressed these challenges, or how could they address the challenges for the risk involved? If the risks in question are being managed, explain how by applying the Enterprise Risk Management (ERM) criteria. If they are not being managed, explain how they could be managed, applying the ERM criteria.
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