What Bad Things Could Happen? Risk Management at Jet Propulsion Laboratory
It's one thing to understand that all organizations must manage risk strategically. It's quite another to know how, precisely, to make strategic risk management a disciplined practice in your own company. In the aerospace industry-where high-stake risks lurk everywhere-executives have honed risk management to a fine point. Jet Propulsion Laboratory (JPL) is no exception. Drawing from JPL's long and sometimes painful experience, Gentry Lee lays out his organization's systematic approach to managing risk. His account offers valuable lessons for executives in any industry.