Case titled "The Space Shuttle Columbia Disaster" presented in Chapter 11 of the book Project Management: Case Studies (pages 497-503)
Presents the concept of risk in project management. Don't just define the concept; abounds in its meaning and in the elements related to it.
What is the problem presented in the case study?
Based on the case presented, does NASA appear to have an effective process for managing risks? Explain your answer.
What criteria does NASA use to identify and analyze risks?
If a critical risk is discovered, how should the manager communicate the effect of the risks to senior management?
What recommendations would you give NASA to avoid future accidents?
Discuss the importance of having a risk management plan on a project. Provide an example that illustrates what can happen if a project fails to adequately manage the risks related to it.