Common use of Risk Assessment and Management Clause in Contracts

Risk Assessment and Management. The Contractor shall develop, implement, and maintain a Contractor’s Risk Management Plan (CDRL A023) that meets the requirements of the PEO IWS 10 CVN 78 Combat System Risk Management Plan (Attachment J-02) and includes a process that identifies, evaluates, and mitigates program risks including technical environmental, safety, cost, and schedule components. Risks shall be evaluated as to their impact on reliability, safety, supportability, affordability, schedule, and technical performance objectives. The Contractor shall implement mitigation plans that will reduce the risks to an acceptable management level for those risks with the highest probability to occur. Mitigation plans shall be managed and updated as contract performance proceeds. All risks shall be identified and reported to the Government and briefed during each program review and monthly interchange meetings. The report shall include risk identification, risk assessment, risk ranking, risk trends, risk mitigation, human, hardware, and software performance analysis and tradeoffs, risk monitoring. Risk metrics shall be generated in accordance with PEO IWS 10 CVN 78 Combat System Risk Management Plan (Attachment J-02), and be reported as part of the Contractor’s Progress, Status and Management Report (CDRL A002) during program reviews. Deliverable Data Item (See DD-1423): CDRL A002: “Contractor’s Progress, Status and Management Report” Deliverable Data Item (See DD-1423): CDRL A023: “Contractor’s Risk Management Plan”

Risk Assessment and Management. The Contractor shall develop, implement, and maintain a Contractor’s Risk Management Plan (CDRL A023A022) that meets the requirements of the PEO IWS 10 CVN 78 Combat System Risk Management Plan (Attachment J-02) and includes a process that identifies, evaluates, and mitigates program risks including technical environmental, safety, cost, and schedule components. Risks shall be evaluated as to their impact on reliability, safety, supportability, affordability, schedule, and technical performance objectives. The Contractor shall implement mitigation plans that will reduce the risks to an acceptable management level for those risks with the highest probability to occur. Mitigation plans shall be managed and updated as contract performance proceeds. All risks shall be identified and reported to the Government and briefed during each program review and monthly interchange meetings. The report shall include risk identification, risk assessment, risk ranking, risk trends, risk mitigation, human, hardware, and software performance analysis and tradeoffs, risk monitoring. Risk metrics shall be generated in accordance with PEO IWS 10 CVN 78 Combat System Risk Management Plan (Attachment J-02), and be reported as part of the Contractor’s Progress, Status and Management Report (CDRL A002) during program reviews. Deliverable Data Item (See DD-1423): CDRL A002: “Contractor’s Progress, Status and Management Report” Deliverable Data Item (See DD-1423): CDRL A023A022: “Contractor’s Risk Management Plan”