Problem: Loss of Mission is one of the risk of NASA. Explain this risk as much as possible. Write two to three pages and address the three core challenges identified by Segal which is listed below:
1. Inability to quantify strategic and operational risk
2. Unclear definition of risk appetite
3. Lack of integration of ERM into decision making
How has NASA addressed these challenges, or how could they address the challenges for the risk involved? If the risks in question are being managed, explain how by applying the Enterprise Risk Management (ERM) criteria. If they are not being managed, explain how they could be managed, applying the ERM criteria.