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Risk management

Incorporate more accurate Project Lifecycle Support with Comprehensive Data Control

Risk management is a necessity for the ever growing global plethora of nano-satellites to mega constellation deployment, due the high return on capital invested in the Space industry.

The Space Report 2021 Q2” found that in 2020 the global space economy rose to $447 billion, an increase of 4.4% from a revised 2019 total of $428 billion. This $447 billion space economy is 55% higher than a decade ago and part of a five-year trend of uninterrupted growth.’’ – Source: satnews.com

The avoidance of risks and complications from planning to launch are inevitable. To effectively come to return-of-investment (ROI) of operations, your end-to-end logistic supply chain needs to be carefully addressed, regulated and monitored to avoid overspending and to guarantee safety assurance.

To control the whole supply logistics operations, various variables are monitored and managed in multiple supply chain management software systems to create certainty and deliver overview. Inventory, assembly lines, workforce, time management and budgeting are one of these variables that can affect accuracy to optimize your return-on-investment (ROI) on your supply chain. Also the dependence of multiple teams and suppliers to be reliant and involved in delivery has to be estimated and planned correctly to optimize effective time management.

Comprehensive data control for financial forecasting

End-to-end control in verification and real-time overview of accurate data is crucial to your planning and financial forecasting. With comprehensive data control you maintain full grip on your planning by allowing or evoking access control in our identity management system. If one party fails to perform responsibilities, or documents are not authorized, the consequences can cascade both up and down the supply chain. With our smart authenticity verification you can easily follow the progression of documents and introduce multiple users, organizations and suppliers to better supply chain collaboration in one source of truth documentation system. Learn more about DCCM.

Track identified Risks, and Evaluate your Risk Process Effectively

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Strategic Planning and Documentation

In order to work towards effective supply chain connectivity, strategic documentation is a component to serve your deadlines. ‘’According to Harvard Business Review, an estimated 67% of business strategies fail due to poor execution, making effective logistics planning and strategy paramount to your company’s success. ‘’

A comprehensive logistics strategy should be resilient enough to minimize risks and investment by defining clear service levels that work cost-effective.

Emulate your contingency planning by rising visibility in your risk assessment. 

Contingency planning indicates and assesses potential harms and circumstances that may or may not happen in your full supply chain, and enables you to take action to prevent them from happening. By assessing these risks and building protocols in your processes upfront, your planning will be more versatile to adapting to potential changes. By accurate data management and verification with Eclipse Suite you can control each step in the documentation process.

Work with the Space Standard Framework (ECSS)

‘’The European Cooperation for Space Standardization is an initiative established to develop a coherent, single set of user-friendly standards for use in all European space activities.’’ – Source: ESA

‘’The ultimate goal of building such a standardization system, at European level, is to minimise life-cycle cost, while continually improving the quality, functional integrity, and compatibility of all elements of a space project. This goal is achieved by applying common standards for project management, quality, engineering and sustainability for the design, development, testing and qualification of hardware and software.’’’- Source: ESA

ECSS defines a scope of the processes with management and product assurance and explains how these European Space Industry requirements can be applied in your processes. The standard is intended to help organizations and suppliers formulate their requirements to distribute entrusted deliverable products. By following the ECSS guidelines that are implemented in our system your company will follow the same procedures as the other larger organisations such as: Agenzia Spaziale Italiana (ASI), UK Space Agency, European Space Agency (ESA), Sapienza consulting and our Eclipse Suite Documentation Management Software. 

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