Our PMs use many tools to assess the risks associated with their customer’s programs and projects. Risk management is a key function performed routinely on many programs and projects of significant magnitude or not part of normal business. We have documented processes along with operating procedures on how and when to create risk assessments. We also utilize customer driven-risk mitigation plans when requested.
Once an initial risk analysis has been completed, a team is formed and a detail assessment is performed that includes all functional departments affected. That team looks at all factors associated with the risk and develops mitigation plans that can be put in place quickly to overcome the issue if we cross a given risk threshold. We identify, monitor, and reduce probability of occurrence, along with executing response plans. Once the assessment is completed, we track, and measure that risk until it is no longer considered a threat or risk to that project or the project is successfully completed.
Odyssey Industries is one of the world's leading aerospace engineering, tooling and manufacturing companies. The company is located in Lake Orion, Michigan, and has emerged as one of the top go-to aircraft and aerospace tooling manufacturing companies to call upon. Odyssey has differentiated itself as an innovator in today's competitive market through its ability to manufacture tooling for many of the industry's most crucial applications. This includes being an industry leader in the design/fabrication of Invar bond tools for more than 20 years.