ABSTRACT
This chapter discusses risk related to the total development of the aircraft including technical, cost, and schedule risks and the interrelationships among those risks. Risk management is one of the most difficult tasks to accomplish especially in a commercial aircraft environment where the demands of the marketplace and schedule constraints often place it low on the priority list. Advanced risk thinkers have begun to understand that risk management is complex, that is, the many factors that cause risk may be interrelated. Risk tracking can be accomplished by common unsophisticated computer applications. Risks can be recorded using standard word processing or spreadsheet applications. Risk diagrams can be, and often are, created using standard chart creation applications, such as PowerPoint. The risk process should track these opportunities as well as risks. In practice the opportunities will be less numerous than the risks.
