A lifecycle risk management decision-support tool developed for NASA space systems is used to assess and visualize risks in a research and applications program. This paper presents the first demonstration and assessment of the tool for balancing programmatic risk. The case study NASA program has a principal goal of developing geospatial information products for a broad user base. Selecting optimal combinations of risk controls, such as planning activities and assessments, plus research and applications projects, performs the risk balancing. Marginal benefits are measured in terms of residual risk. Relative differences in risk impact and control effectiveness provide indications of program integration across science, technology and applications. Results are preliminary. Sensitivity analysis confirms that at formulation, prioritization and coordination with stakeholder agencies are mitigations yielding greatest marginal benefit towards requirements attainment. At implementation, establishing project performance characteristics yields the greatest marginal benefit. The framework helps strategy design, execution, integration and prioritization.
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