This document outlines a standard practice for conducting system safety. The system safety practice as defined herein provides a consistent means of evaluating identified risks. Mishap risk must be identified, evaluated, and mitigated to a level as low as reasonably practicable. The mishap risk must be accepted by the appropriate authority and comply with federal (and state, where applicable) laws and regulations, executive orders, treaties, and agreements. Program trade studies associated with mitigating mishap risk must consider total life cycle cost in any decision.