Transcript Risk Management If you don't actively attack the risks, they will actively attack you. -Tom Gilb Risk is the possibility of suffering loss, injury, disadvantage,

Risk Management
If you don't actively attack the risks,
they will actively attack you.
-Tom Gilb
Risk is the possibility of suffering loss, injury,
disadvantage, or destruction.
Risk management is concerned with identifying
risks and drawing up plans to minimise their effect on a
project.
Task of project manager is to anticipate risks which
might affect the development schedule or quality of
current project.
The result of the risk analysis should be
documented in the project plan. It should discussed ..
Identify the risk and minimise their effect on the
project is called RISK MAMAGEMENT.
Why Do Risk Management
* Eliminate surprises
* Prevent problems
* Begin coding in right track
* Reach business goal
Type of Risks
It affect the project schedule or resources
 Project Risk …
Product Risk…
=> Business Risk…
Project Risks
It affect the project schedule or resources
 Staff turnover …
Management Change…
=> Hardware Unavailability…
Product Risk
It affect the quality or performance of the
software being developed.
 Requirement Change …
Delay in producing the specifications …
Size Underestimate …
=> Problem in CASE tools …
Business Risk
It affect the organisation developing or
procuring the software.
 Technology Change …
 Product competition (product line) …
The Process of Risk Management
 Risk Identification …
Identify project, product and business risks;
 Risk Analysis …
Assess the consequences of these risks;
 Risk Planning …
risk;
Draw up plans to avoid or minimise the effects of the
 Risk Monitoring …
Monitor the risks throughout the project;
The Process of Risk Management
Risks Identification
 Technology risks…
Risks which derive from S/W or H/W technologies.. Used in
the proj devlp (Tool Risk=S/w or CASE)
People risks.
People in the dev team.
Organisational risks.
Requirements risks.
Change of customer requirements.
=>Estimation risks.
Org estimate the sys characteristics, required resources.
Risks Analysis
Assess probability and seriousness of each risk.
Probability may be very low, low, moderate, high or
very high.
Very low( < 10%).
Low ( 10-25%).
Moderate ( 25-50%).
High (50-75%).
Very high ( >75%).
Risk effects might be catastrophic, serious, tolerable or
insignificant.
Risks Analysis
Risks Planning
Consider each risk and develop a strategy to
manage that risk. That strategies are ..
Avoidance strategies
The probability that the risk will arise is reduced ,(e.g.) it
dealing with defective components
Minimisation strategies
The impact of the risk on the project or product will be
reduced;
Contingency plans
If the risk arises, contingency plans are plans to deal with
that risk;
Risks Planning
Risks Monitoring
Assess each identified risks regularly to decide
whether or not it is becoming less or more probable.
Also assess whether the effects of the risk have
changed.
Each key risk should be discussed at
management progress meetings (review).
Presented By
:
Jijesh N.S
Presented By
:
Jijesh N.S