NASA-GPG 7120.4 Risk Management

National Aeronautics and Space Administration (NASA). This NASA Goddard Procedures and Guidelines. Effective Date: December 7, 2001. Expiration Date: December 27, 2006. 10 p. Risk management is an organized, systematic decision-making process that efficiently identifies, analyzes, plans (for the handling of risks), tracks, controls, communicates, and documents risks to increase the likelihood of achieving program/project goals. This GPG provides procedures and guidelines for applying risk management to GSFC projects as required by NPG 7120.5, Program and Project Management Processes and Requirements.