Beyond the Blue Planet: Risk Management Strategies for Space Programs

Abstract

Space exploration and the expansion of human activities beyond the Earth's atmosphere present unique challenges and risks. As space programs continue to progress, the need for effective risk management strategies becomes increasingly important. This article provides a theoretical review of risk management approaches for space programs by exploring the complex interplay between technological, operational and environmental factors. The theoretical framework presented in this study provides a basis for developing comprehensive risk management strategies for space programs. These strategies can help ensure the safety of astronauts, the success of missions, and the long-term sustainability of space activities by addressing the unique challenges posed by space exploration. In addition, through validation and refinement, the study can serve as a valuable resource for policymakers, space agencies and industry practitioners seeking safe and sustainable space exploration. Space programs are important initiatives where exploration, research and technological advancement come together. However, as such programs require large amounts of investment and complex processes, risk management is of vital importance. The study examines risk management in space programs and presents key findings, implications for future programs and recommendations for improved risk management.