risk management. if you don't actively attack the risks, they will actively attack you. -tom...
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, 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
Þ Project Risk …
ÞProduct Risk…
=> Business Risk…
Project Risks
It affect the project schedule or resources
Þ Staff turnover …
ÞManagement Change…
=> Hardware Unavailability…
Product Risk
It affect the quality or performance of the software being developed.
Þ Requirement Change …
ÞDelay in producing the specifications …
ÞSize Underestimate …
=> Problem in CASE tools …
Business Risk
It affect the organisation developing or procuring the software.
Þ Technology Change …
Þ Product competition (product line) …
The Process of Risk Management
Þ Risk Identification … Identify project, product and business risks;
Þ Risk Analysis …
Assess the consequences of these risks;
Þ Risk Planning …
Draw up plans to avoid or minimise the effects of the risk;
Þ Risk Monitoring …
Monitor the risks throughout the project;
Risk avoidanceand contingency
plans
Risk planning
Prioritised risklist
Risk analysis
List of potentialrisks
Riskidentification
Riskassessment
Riskmonitoring
The Process of Risk Management
Risks Identification
Þ Technology risks…Risks which derive from S/W or H/W technologies.. Used
in the proj devlp (Tool Risk=S/w or CASE)
ÞPeople risks.People in the dev team.
ÞOrganisational risks.
ÞRequirements 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.
R isk #1
R isk #4
R isk #2R isk #3
R isk #5
Probab ility o f O ccurrance
Imp
act
H igher P robab ilityLow er P robab ility
Hig
he
r Im
pa
ct
Lo
we
r Im
pa
ct
Risks Analysis
Risks Planning
Consider each risk and develop a strategy to manage that risk. That strategies are ..
Avoidance strategiesThe probability that the risk will arise is
reduced ,(e.g.) it dealing with defective components
Minimisation strategiesThe impact of the risk on the project or product
will be reduced;
Contingency plansIf 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 : J i j e s h N . S
Presented By : J i j e s h N . S