Integral Risk Management

Integral Risk Management
Integral Risk Management

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.

Partnering to Reduce Risk and Accelerate Development

This white paper shows that when system integrators partner with a trusted and proven solution vendor, they are freed from the time commitment and burden of trying to complete every development stage themselves. As a result, they are in a better position to keep projects on spec, on budget and on time.

Program Management Capabilities

Dedicated Program Organization  
Dedicated Program Organization

This cross-functional group provides close management of all project activities and agile decision making.

Program Control, Cost, And Schedule  
Program Control, Cost, And Schedule

The Integrated Master Plan includes the events, accomplishments, and criteria needed to complete the tasks in the Work Breakdown, the RFP, and the SOW.

Contract Mandated Reporting  
Contract Mandated Reporting

The Program Managers employ industry-standard management and reporting processes that cover the requirements of a broad segment of its customers.

Data Items  
Data Items

We have the expert knowledge to generate all of the data items required for large defense and aerospace programs.

Earned Value Management System  
Earned Value Management System

The EVMS system uses the Integrated Master Plan (IMP) and Integrated Master Schedule (IMS) as its foundation.

Flight Test Program Management  
Flight Test Program Management

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.