CHAPTER
3
BOEING
A Struggle to Find Balance in Risk Management
At any engineering-focused organization, risk management and mitigation are guiding principles. Holistically understanding and appropriately balancing the risks associated with a new endeavor are paramount to a project’s success. These risks come in numerous forms: technical, contract, cost, schedule, safety, etc., and they all matter. This is especially true at Boeing, the world’s largest aerospace company, where the financial bets made on new products are enormous, the technical hurdles are high, and the costs of failure can be catastrophic.
In the last few ...
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