Proactive Risk Management Tools
Curtiss-Wright has developed a set of proactive risk management tools that provide our customers with insight into the program development process and all associated risks, including technical, schedule, and cost risks.
This approach reflects standard industry practices and is overseen by the Program Manager. Risks and opportunities are rated based on their likelihood of occurrence and their potential impact. An “owner” is assigned to each assumption, risk, and opportunity and has singular responsibility for the validation, retirement, or capture of their assigned risk or opportunity. Risk Mitigation Plans and Opportunity Capture Plans are developed for each risk and opportunity that is classified as "medium" or higher. The Risk Management Register (Assumptions, Risks, and Opportunities) is maintained through the life of the program and is presented at all major program reviews, design reviews and Technical Interface Meetings.
The status of the risk management activities is assessed at all internal program review meetings and all external customer review meetings. Any significant variance from the last review is scrutinized for cause, with corrective actions being applied as needed. Customers are informed in real-time of changes to risk status, with formal reports submitted as required by contract.
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Program Management Capabilities
This cross-functional group provides close management of all project activities and agile decision making.
The Integrated Master Plan includes the events, accomplishments, and criteria needed to complete the tasks in the Work Breakdown, the RFP, and the SOW.
The Program Managers employ industry-standard management and reporting processes that cover the requirements of a broad segment of its customers.
We have the expert knowledge to generate all of the data items required for large defense and aerospace programs.
The EVMS system uses the Integrated Master Plan (IMP) and Integrated Master Schedule (IMS) as its foundation.
Curtiss-Wright has a rigorous project management methodology in place, called ‘Project Path,' to ensure that every project is delivered on time and within budget.