I’m trying to study for my Engineering course and I need some help to understand this question.
For the Lockheed Martin VentureStar Reusable Launch Vehicle (RLV),OR select 3 Top-Level requirements you have identified and perform the following risk analysis. I expect including your three 5 x 5 risk assessment diagrams:
1. What is a risk associated with this requirement?
2.Identify the probability and the impact of the risk occurrence.
3.Put your identified risks (you should have three, one for each requirement) onto a 5×5 Risk Matrix
4.Identify a risk mitigation activity for each of your risks that will lower the probability of occurrence and/or reduce the impact
5. Show the effect of mitigating risks on your 5×5 matrix (you can use an arrow to show how you change the overall risk assessment with the mitigation activity).
6. Write a brief summary about the risks you have identified, the mitigation activity and its impact on the overall risk to your X-33 RLV program
(assuming you are the Systems Architect).