(Version 1.0) Team Risk Management defines the organizational structure and operational activities for managing risks throughout all phases of the life-cycle of a software-dependent development program such that all individuals within the organizations, groups, departments, and agencies directly involved in the program are participating team members. Through the adoption of team risk management, the government and contractor are provided with processes, methods, and tools that enable both organizations, individually and jointly, to be increasingly anticipatory in decision-making processes. This report introduces the team risk management approach for managing risks within a software-dependent development program.