Tailored continuous risk management in nanosatellite space project VZLUSAT-1 using FMECA

The purpose of the research is to demonstrate an application of the existing methodology for risk assessment Failure Mode and Effect Criticality Analysis (FMECA) in nanosatellite projects together with a risk register proposal elaborated based on a literature review and expert interviews. The paper also elaborates on the integration of FMECA and knowledge capture and transfer technique. Literature evidence and the use case of the VZLUSAT-1 CubeSat show that it is challenging to implement proper project management and especially risk management practices into nanosatellite (or CubeSat) projects. The risks identified are mostly connected with the technical part, design, and operation of the satellite, and personal, financial, stakeholder, or managerial risks are omitted. The mission success rate can be significantly improved when risks are adequately considered at stages preceding the launch and operation of the satellite.