The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Apr. 13, 2010
Filed:
Sep. 12, 2003
Ranapratap Lavu, Tucson, AZ (US);
John F. Michel, Tucson, AZ (US);
Michael P. Peyton, Tucson, AZ (US);
Jose Soto, Tucson, AZ (US);
Niccolo Garbarino, Tucson, AZ (US);
Mathew H. Bosse, Tucson, AZ (US);
Ranapratap Lavu, Tucson, AZ (US);
John F. Michel, Tucson, AZ (US);
Michael P. Peyton, Tucson, AZ (US);
Jose Soto, Tucson, AZ (US);
Niccolo Garbarino, Tucson, AZ (US);
Mathew H. Bosse, Tucson, AZ (US);
Raytheon Company, Waltham, MA (US);
Abstract
The present invention provides a risk management tool and method for creating an improved initial risk management process that captures, assesses, and prioritizes risks and implements mitigation plans to more effectively manage risk in large-scale development projects. A web-based system allows users and management to share and access risk information to more readily identify and assess risks, develop mitigation plans and track the risk management process. The tool and specifically the Pf and Cf tables are tailored to each project to more accurately calculate and prioritize risk factors RF and thus anticipate and minimize or eliminate risks before they occur. The demonstrated value of the tool is found in timely deliveries and a reduction of cost overruns as well as an increase in customer enhanced award fees.