After experiencing a series of mission failures from the late 1990s to the early 2000s, the Japan Aerospace Exploration Agency (JAXA) implemented a reform strengthening and promoting systems engineering and project management (SE/PM) in 2005. Since then, the occurrence rate of mission failures decreased significantly. After a while, following the in-orbit failure of Japan’s flagship X-ray observatory occurred in 2016, another reform on PM was implemented in 2017 to ensure development and create value. Six years after that, in 2023, the new issues related to development risks became apparent. In parallel, a Japanese flagship asteroid sample return spacecraft “Hayabusa2” was developed in an extremely short period of 3.5 years and launched in December 2014. Overcoming the unexpected rough terrain of its target asteroid 162173 Ryugu, the spacecraft successfully sampled the asteroid’s surface/underground soil in 2019 and accomplished its entire mission by returning its reentry capsule safely to Earth in December 2020. This paper aims to detail the issues in current JAXA projects and identify clues to solve them by reviewing JAXA’s past two reforms in SE/PM and best practices of Hayabusa2, a representative successful project in recent years that both achieved sure development and creating values.
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