The Department of Defense (DoD) requires review of Major Defense Acquisition Programs (MDAPS) and decisions by senior officials on the basis of a program's dollar value, irrespective of risk. The authors of this paper propose a new paradigm in which the level of management and oversight would be based on the level of risk a program represents, including technical, system integration, design, production, and business innovation risk. The authors also examine the extent to which DoD is prepared to assess these categories of risk, and identifies descriptive levels that could be used to assess and categorize design and business process risk.
Murphy, Robert and John Birkler, Dollar Value and Risk Levels: Changing How Weapon System Programs Are Managed. Santa Monica, CA: RAND Corporation, 2009. https://www.rand.org/pubs/occasional_papers/OP264.html.
Murphy, Robert and John Birkler, Dollar Value and Risk Levels: Changing How Weapon System Programs Are Managed, Santa Monica, Calif.: RAND Corporation, OP-264-OSD, 2009. As of September 08, 2021: https://www.rand.org/pubs/occasional_papers/OP264.html