Arrow icon
Ness Labs: Make the most of your mind
Learn more about Joggo

A Summary of

Managing risk with the NASA Risk Matrix

by
Anne-Laure Le Cunff
Ness Labs
View original

The NASA Risk Matrix helps us determine the level of risk associated with a particular situation, so we can then decide how to react.

  • It is a graphical representation of the likelihood and consequence scores of a risk.

How to clearly state a risk according to NASA

  • State the risk as factually as possible without trying to provide a solution to it.
  • Template: Given that [Condition], there is a possibility of [Departure] adversely impacting [Asset], thereby leading to [Consequence].
    • Condition: Current fact-based situation that is causing concern, uneasiness, anxiety, doubt, etc.
    • Departure: Undesired potential change from the original plan, made more likely as a result of the condition you identified.
    • Asset: Project affected by the risk you identified.
    • Consequence: Potential negative impact the risk can have on the asset.

Using the NASA Risk Matrix to quantify risk

  • Two main factors impact any level of risk: how likely the potential departure is to happen (likelihood) and how negative the impact of the departure from the original plan would be (consequence).
  • For the likelihood score (y-axis), estimate how certain you are the risk will materialize/
      1. Not likely 2. Not very likely 3. Likely 4. Highly likely 5. Near certainty
  • For the consequence score (x-axis), use the consequence scorecard available from NASA.
  • The likelihood score and consequence score together give an overall risk score.

Mitigating risk based on a specific NASA risk score

  • Lowest risk: Put risks on the watch-list and re-assess regularly.
  • Low risk: Perform extra research to better understand the risk and write a mitigation plan.
  • Medium risk: Write and share mitigation plan, continuously assess and assign resources.
  • High risk: Communicate to NASA immediately.
  • Highest risk: Consider considerably changing the original plan.
  • Note: A mitigation plan can also be not to mitigate the risk.
Related content
See all posts
Arrow icon
September 9, 2021
/
Anne-Laure Le Cunff
/
Ness Labs

Reducing information anxiety with the founder of Joggo

Read more
May 11, 2020
/
Anne-Laure Le Cunff
/
Ness Labs

Writing as a thinking tool

Read more
June 25, 2020
/
Anne-Laure Le Cunff
/
Ness Labs

Creating calm: how to manage stress

Read more
December 10, 2020
/
Anne-Laure Le Cunff
/
Ness Labs

Curiosity and consistency: thoughts on growing a newsletter

Read more
October 8, 2020
/
Anne-Laure Le Cunff
/
Ness Labs

How to practice nuanced thinking

Read more