risk statement
TRANSCRIPT
![Page 1: Risk Statement](https://reader038.vdocuments.mx/reader038/viewer/2022100723/58ef4c081a28ab24698b45f7/html5/thumbnails/1.jpg)
If there is no Test Manager assigned to the project for the planning phase, then there will be:
• Loss of time (2 months) due to the fact that the test planning resides on the ‘Critical Path’;
• Increased potential of a ($15k) financial blowout due to contracting parties remaining reliant on
the completion of the test strategy and test plan; and
• No Test Planning completed due to the fact that test planning cannot be performed by other
project team members as it is a specialist function performed by SME’s.
Potential causes may include:
• Unavailability of Test Managers;
• Untimely signing of the Statement of Work;
• Unrealistic demands to perform without providing adequate resources; or
• Non-competitive compensation.
Elements of
ExampleThis denotes the ‘condition’ of the risk occurrence: ‘If’ is always present in the
statement
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By Larry Dalton
Poorly Framed ‘Motherhood’ Risk Statement:Unavailability of Subject Matter Experts for proper planning
This denotes the specific ‘subject / cause’ of the risk occurrence
This denotes the specific ‘timing / proximity’ of the risk occurrence/s
This denotes the specific ‘consequence’ of the risk occurrence: ‘Then’ is always present in the statement
There is seldom only a single specific
‘consequence’ to any risk. (These are not 3
risks, but consequences to a
single risk)
This denotes the ‘cause qualifiers’,
sources, or contributing factors of
the risk occurrence
Consequences are always related to the ‘constraints’ of Cost, Time, Scope, Resources, or Quality: The constraints
will also be the Risk Categories.
This denotes the specific ‘reasoning’ of the risk consequence. ‘Due to’ is always present in the consequence
This denotes the specific ‘value’ which, when it can be calculated, is
preferable
“Risk Management cannot be taken too seriously."