CSSE 37211.September.2008

RiskChapter 2, pages 63-80

“At risk”

OutlineIdentificationEstimationMitigationExercise

Procter & Gamble’s equation: Risk = Hazard + Exposure.From www.pgbeautyscience.com/safety-assessment.html .

First CotD

IdentificationTechnicalProject ManagementOrganizationalExternal

Business

A lot of people use Pressman’s risk list:http://www.rspa.com/checklists/risk.html For example…

Technical Issues (start)…Are facilitated application specification techniques used to

aid in communication between the customer and developer? Are specific methods used for software analysis? Do you use a specific method for data and architectural

design? Is more than 90 percent of your code written in a high order

language? Are specific conventions for code documentation defined and

used? Do you use specific methods for test case design? Are software tools used to support planning and tracking

activities? …

Discussion – Who’ll have what risks?Which project manager is likely to have what kinds

of risks?TechnicalProject ManagementOrganizationalExternal

Shanice

Cody

Second CotD

Qualitative Estimation

Dynamic Estimation

Risk responseAcceptAvoidContingency planningMitigateTransfer

Monitoring/ControllingRisk logID numberRisk descriptionRisk ownerAction to be takenOutcome

Include Probability/Impact

How do you gather risks?FormalInformal

Risk assessments should be/contain:In the If _______, then___________ format Clearly tie back to 5 project constraints

Include a mitigation strategy Include a time line for revisiting/updating the risks Include key resources Indication of where it falls in the chart Opportunities

Discussion ProblemYou and 7 others are going to fly 1500 miles in a

pedal-powered airplane.The plane can carry 3000 pounds of freight

(including passengers) at 30 mph, when powered by 4 pedallers.

Each team member can pedal for 4 hours continuously.

If you lose power the plane crashes.

Activity1. Identify the risks

2. For each risk, estimate its probability and impact

3. Prioritize risks

4. Identify mitigation strategies for the most important half of the risks

5. Share your results withrest of class

Questions?

Bike blimp from http://blog.makezine.com/archive/2008/06/bike_blimp_remake.html.