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It is a very well established and understood aspect, that to be successful in a mission/project, the executing organization must be dedicated to deal with the management of the risks, proactively and constantly, during all the phases of the project/ mission. In fact the mission risks have their origins in the unpredictability factor that is there in all the missions; whereas the major aims of the risk management strategy are to maximize the likelihood and consequence of the constructive actions, and minimize the possibility and consequence of the actions undesirable to the mission. The Cooperation European for Space Standardization (ECSS), Management of Risks standard provides a state of the art model for integrated risk management, in space related projects; describing the principles and requirements, to enforce a mission-incorporated, management of risks policy, undertaken by the mission stakeholders. In this presented research work, we have customized the Risk Management ECSS standard, for the specific characteristics and constraints of the remote sensing satellite mission project of the Pakistan Space Agency (SUPARCO). After a brief back ground and theory of the risk management domain, the implementation plan/system of the risk management procedures for the Pakistan Space Agency’s remote sensing satellite, are presented; a system is developed for the risk identification, analysis, control and monitoring; in order to provide the coherent risk management, within the remote sensing satellite project organization, and also to make available the observability of the management of risks process, inside the project organization, thus providing visibility over the risks.

Musaddiq Ali Shah, Faisal Yousuf Khan, Asma. (2012) Risk Management Strategy for Remote Sensing Satellite Project, following the customization of ECSS Standards, Journal of Space Technology , Volume 2, Issue 1.
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