Author_Institution :
Hughes Aircraft Co., Los Angeles, CA, USA
Abstract :
Hughes has developed a powerful risk management toolset, named ProphetTM, which has proven highly successful in managing several programs, and is now being deployed throughout Hughes. This paper describes ProphetTM features, the processes it supports, and the concepts behind them. Features include user-friendly input screens, roll-up risk factors, automated risk reduction charts, expected cost impact analysis, assessment history and rationale tracking, process productivity aides, tailorability features to suit a broad assortment of programs, integration with master planning and scheduling, tracking of technical performance measures, and risk metrics for technical trade studies
Keywords :
economics; military computing; military systems; probability; risk management; software tools; Excel; Hughes; Prophet; automated risk reduction charts; cost impact analysis; integrated risk management; master planning; process productivity; rationale tracking; risk metrics; roll-up risk factors; scheduling; tailorability; tracking; user-friendly input screens; Costs; Engines; History; Management training; Process planning; Resource management; Risk analysis; Risk management; Spatial databases; Strategic planning;
