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Software Engineering Risk Management - Javatpoi PDF

This document discusses risk management for software projects. It defines risk as a potential problem that could cause loss or threaten project progress but has not happened yet. It then discusses classifying risks into project risks like schedule slippage, technical risks like ambiguous specifications, and business risks like developing a product with no market. The principles of risk management discussed are taking a global and forward-looking perspective, open communication, integrated management, and continuous monitoring of risks.

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Manish Bhatia
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© © All Rights Reserved
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Download as PDF, TXT or read online on Scribd
35 views

Software Engineering Risk Management - Javatpoi PDF

This document discusses risk management for software projects. It defines risk as a potential problem that could cause loss or threaten project progress but has not happened yet. It then discusses classifying risks into project risks like schedule slippage, technical risks like ambiguous specifications, and business risks like developing a product with no market. The principles of risk management discussed are taking a global and forward-looking perspective, open communication, integrated management, and continuous monitoring of risks.

Uploaded by

Manish Bhatia
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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What is Risk?
"Tomorrow problems are today's risk."
Hence, a clear definition of a "risk" is a
problem that could cause some loss or
threaten the progress of the project, but
which has not happened yet.

These potential issues might harm cost,


schedule or technical success of the project
and the quality of our software device, or
project team morale.

Risk Management is the system of


identifying addressing and eliminating these
problems before they can damage the
project.

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We need to differentiate risks, as potential


issues, from the current problems of the
project.

Different methods are required to address


these two kinds of issues.

For example, staff storage, because we have


not been able to select people with the right
technical skills is a current problem, but the
threat of our technical persons being hired
away by the competition is a risk.

Risk Management

A software project can be concerned with a


large variety of risks. In order to be adept to
systematically identify the significant risks
which might affect a software project, it is
essential to classify risks into different
classes. The project manager can then check
which risks from each class are relevant to
the project.

There are three main classifications of risks


which can affect a software project:

1. Project risks

2. Technical risks

3. Business risks

1. Project risks: Project risks concern differ


forms of budgetary, schedule, personnel,
resource, and customer-related problems. A
vital project risk is schedule slippage. Since
the software is intangible, it is very tough to
monitor and control a software project. It is
very tough to control something which
cannot be identified. For any manufacturing
program, such as the manufacturing of cars,
the plan executive can recognize the product
taking shape.

2. Technical risks: Technical risks concern


potential method, implementation,
interfacing, testing, and maintenance issue.
It also consists of an ambiguous
specification, incomplete specification,
changing specification, technical uncertainty,
and technical obsolescence. Most technical
risks appear due to the development team's
insufficient knowledge about the project.

3. Business risks: This type of risks contain


risks of building an excellent product that no
one need, losing budgetary or personnel
commitments, etc.

Other risk categories

1. 1. Known risks: Those risks that can be


uncovered after careful assessment of
the project program, the business and
technical environment in which the
plan is being developed, and more
reliable data sources (e.g., unrealistic
delivery date)

2. 2. Predictable risks: Those risks that


are hypothesized from previous project
experience (e.g., past turnover)

3. 3. Unpredictable risks: Those risks that


can and do occur, but are extremely
tough to identify in advance.

Principle of Risk Management

1. Global Perspective: In this, we review


the bigger system description, design,
and implementation. We look at the
chance and the impact the risk is going
to have.

2. Take a forward-looking view: Consider


the threat which may appear in the
future and create future plans for
directing the next events.

3. Open Communication: This is to allow


the free flow of communications
between the client and the team
members so that they have certainty
about the risks.

4. Integrated management: In this method


risk management is made an integral
part of project management.

5. Continuous process: In this phase, the


risks are tracked continuously
throughout the risk management
paradigm.

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