Risk Management
Risk management in space and astronautical engineering is the process of identifying, assessing, and prioritizing potential risks and developing strategies to mitigate or avoid those risks. This includes identifying potential hazards, analyzing the likelihood and potential impact of those hazards, and developing plans to minimize or eliminate the risks. Risk management is critical in space and astronautical engineering due to the high stakes involved in space missions, including the potential for loss of life, damage to equipment, and financial costs. Effective risk management requires a thorough understanding of the technical, operational, and environmental factors that can impact a mission, as well as the ability to develop and implement effective risk mitigation strategies.
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