ISO 17666:2016 defines, extending the requirements of ISO 14300-1, the principles and requirements for integrated risk management on a space project. It explains what is needed to implement a project-integrated risk management policy by any project actor, at any level (i.e. customer, first-level supplier, or lower-level suppliers).
It contains a summary of the general risk management process, which is subdivided into four (4) basic steps and nine (9) tasks. The implementation can be tailored to project-specific conditions.
The risk management process requires information exchange among all project domains and provides visibility over risks, with a ranking according to their criticality for the project, these risks are monitored and controlled according to the rules defined for the domains to which they belong.
The fields of application of ISO 17666:2016 are all the space project phases. A definition of project phasing is given in ISO 14300-1.
When viewed from the perspective of a specific programme or project context, the requirements defined in ISO 17666:2016 are tailored to match the genuine requirements of a particular profile and circumstances of a programme or project.