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Risk Management-103: Risk Metrics — Measuring

 Risk and the Risk Process

(Part 2)

Presented by Mike Helton

Tuesday October 28, 2014

6:30 PM – Networking and Pizza

7:00 – 8:00 PM – Program

There is no cost to attend at McLean, Silver Spring

presentation slides

This talk discusses metrics involved with assessing risk and the risk process.  The presentation includes how to select the right metrics, and how these metrics support the goals of Risk Management.  This involves the risk profile and how to calculate risk exposure and return on investment (ROI).  An example case is used to demonstrate typical measurements of these metrics, trends and how they assist management’s decisions on priority and budget including when to stop working a given risk.  Other metrics are given which provide directions for improving the Risk Management Process, and answering the question:  Is this process working?

Mike Helton is a senior Risk Management consultant and has practiced Risk Management for over 17 years on very large to very small programs and projects.  These included the Air Traffic Control DSR Program, an NSA Process Improvement Program and many smaller group projects within larger programs such as various groups within NASA’s Landsat Program.  He was the instructor for the Risk Management Process for the National Security Administration where he trained over 350 NSA professionals on Risk Management.  This included tailoring aspects of industry standard risk management processes documented by the PMBOK, SEI Carnegie Mellon Institute and several other sources of risk management to fit various kinds of programs and projects.  His prior endeavors included integration manager on a key stage of the NASA’s International Space Station, integration manager on a commercial satellite communications system for the American Satellite Company and mission & science sequence design engineer on various interplanetary space missions at the Jet Propulsion Laboratory. 

Locations and Registration

The presentation will originate at MITRE’s McLean, Virginia facility, with video teleconferencing between:

US Food and Drug Administration (White Oak)

Building 66, Room G512

10903 New Hampshire Ave

Silver Spring, MD 20993
host: James Simpson, Cell: 301-996-4976

 

MITRE, Room 2503

260 Industrial Way West

Eatontown, NJ 07724

Host: Aaron Dagen, Desk: 732-578-6301

MITRE-2, Room 1N100

7515 Colshire Drive

McLean, VA 22102

Host: Scott Ankrum, Cell 240-731-758

MITRE, Room 02-301

Northgate Building A,

209 Research Blvd.,

Aberdeen, MD 21001

Host: Richard Eng, Cell: 703-201-9112

 

If you can host another location via VTC, please contact Scott Ankrum (below)

 

 Join online meeting  https://meet.mitre.org/ankrums/M9GRS6JR

Join by Phone  +1 (703) 983-2020

Conference ID: 9105627

Find a local number:

https://dialin.mitre.org/

Forgot your dial-in PIN?

First online meeting?

http://r.office.microsoft.com/r/rlidOC10?clid=1033&p1=4&p2=1041&pc=oc&ver=4&subver=0&bld=7185&bldver=0

 

Registration: Webpage: http://www.asq509.org/ht/d/DoSurvey/i/26913

Details and driving directions at Announcement Flyer

You must register by noon on Monday, September 22.  If you cannot attend at any location, select telephone dial-in when you register.  FDA (Silver Spring) cannot host non-citizen visitors.  If not a US citizen, please provide your title, employer, and address.  Allow 2 business days for registration before the meeting.

Reference Meeting Flyer with directions

Software Special Interest Group (SSIG)

Purpose

The purpose of the Software Special Interest Group is to provide software quality professionals and software professionals interested in quality with an opportunity for growth and exchange of ideas with other software professionals, and to facilitate growth in the number and expertise of the ASQ membership.

Objectives

  • Arrange meetings (currently monthly) at a convenient time and place.
  • Provide a diversity of speaker topics within the general heading of software quality.
  • Provide knowledgeable speakers from the professional and/or academic worlds.
  • Keep in touch with and respond to the professional communities desires for the meetings.
  • Reach out to students, who will soon enter the software profession.
  • Disseminate information about: ASQ membership, the Software Division, certification, and training opportunities.

For more information about Section 509's Software Special Interest Group Contact T. Scott Ankrum, 703-883-6127.

Past Software SIG Presentations


Risk Management 103: Risk Metrics - Metrics Applications  presented by Mike Helton 10/28/2014

Risk Management 103: Risk Metrics - Measuring Risk and the Risk Process  presented by Mike Helton 09/23/2014

The Discipline of Software Engineering 
presented by Mark Doernhoefer of MITRE 08/26/2014

Applying Process Mining to IT Big Data  presented by Richard Eng of MITRE 07/22/2014

A Rules Engine Experiment:  Lessons Learned on When and How to use a Rules-Based Solution  presented by Cris Hutto of MITRE 06/24/2014


Using Agile Principles to Deliver Real Business Value at Scale  presented by: Mark Shima and Joseph Hilger 5/27/2014

Building a Software Assurance Road-map and Using It Effectively  presented by Robert Martin of MITRE 04/22/2014

Open Source Software and Government  presented by David Wheeler of the Institute for Defense Analysis 02/25/2014

Get the Requirements Right...the First Time...  presented by Wayne Beekman of Information Concepts 01/28/2014

Success with Enterprise Architecture  presented by Phil Homan 12/17/2013

A Special Pre-presentation on IEEE Benefits, Including a Video and the IEEE-USA Congressional Representation Preceded the Main Program.  10/29/2013

Development of a Configuration Management Standard for a Government Agency  presented by Ron Perrella and Russ Roseman 10/29/2013

Leadership and Career Development  presented by Joe Ludford 9/24/2013

Model-based Architecture and Engineering  presented by Victor Harrison 8/27/2013

Risk Management 102  presented by Mike Helton 7/23/2013

Open Stack  presented by Pat Holben 6/25/2013

Requirements Metrics for Requirements Statements  presented by Chao Y. Din 5/28/2013

High Maturity Practices and Lifetime Warranty Against Software Defects  presented by Girish Seshagiri 4/23/2013

The Rise of Big Data and Data Science  presented by Donald Miner 3/26/2013

Risk Management presented by Al Florence 2/26/2013

Configuration Management presented by Russ Roseman 1/22/2013 audio file

Near Future of Automated Software Testing  presented by Elfriede Dustin 11/29/2012

Knowledge Extraction and Analysis of Software  presented by Mike Oara and Rama Moorthy of Hatha Systems 10/23/2012  audio file

Agile Quality Management Techniques  presented by Jim Jamieson 9/25/2012 audio file

Software Security Assurance: Enabling Security Automation and Software Supply Chain Risk Management  Presented by Joe Jarzombek of DHS 8/30/2012  audio file

Requirements-Management Requirements -- Requistite Doors to Success  Presented by Alfred Kromholz of MITRE 7/24/2012  (No slides or audio file available)

Systems Engineering Management Process (SEMP)  Presented by Jim Todd of DRC  6/26/2012  (The link is to the audio recording.  No slides were used.)

Software Assurance Metrics and Tool Evaluation (SAMATE) Overview  Presented by Tim Boland of NIST  5/29/2012.

Cybersecurity Myths, Twists, and Strategies  Presented by Bill Neugent of MITRE  4/24/2012. audio file

Exposing Security Risks for Commercial Mobile Devices (CMDs) Presented by Jeff Voas of NIST and Angelos Stavrou of GMU  3/27/2012.  audio file

Understanding How the Bad Guys Attack Your Software: CAPEC Presented by Sean Barnum of MITRE  2/21/2012.  audio file

Building Watson--An Overview of the DeepQA Project Presented by David A. Ferrucci of IBM  1/24/2012  (slides are not available).

Leveraging Semantic Web Technologies for Improved Decision Making Presented by Samuel Chance 11/29/2011.  rescheduled from earlier  audio file

Predicting Software Quality Early  Presented by Girish Seshagiri 10/25/2011. audio file

Transforming Technical Leads into Effective project Managers  Presented by Rita Hadden 9/20/2011. audio file

Leveraging Semantic Web Technologies for Improved Decision Making  Presented by Samuel Chance 8/23/2011.  meeting canceled

Software Quality in 2011: A Survey of the State of the Art  Presented by Capers Jones 7/26/2011.

The Smart Grid: Power for the 21st Century  Presented by George Arnold 6/28/2011.  audio file of Smart Grid

Overview of the NIST Risk Management Framework as described in SP 800-37  Presented by Lance Kelson 5/24/2011.    audio file 1