Risk Management: Naveen Prajulit Dang Symbiosis International Unversity, MBA (2010-2012)

Risk Management
By Naveen Prajulit Dang Symbiosis International Unversity, MBA(2010-2012)
WHAT IS RISK MANAGEMENT ?

Risk management is concerned with identifying risks and drawing up plans to minimise their effect on a project. A Risk is a probability that some adverse circumstance may occur: Project risks affect schedule or resources; Product risks affect the quality or performance of the software being developed; Business risks affect the organisation developing or procuring the software.
Risk Staff turnover Management change Hardware unavailability
Affects Project Project Project
Description Experienced staff will leave the project before it is finished. There will be a change of organisational management with different priorities. Hardware that is essential for the project will not be delivered on schedule.
Requirements change
Specification delays
Project and product

Project and product
There will be a larger number of changes to the requirements than anticipated

Specifications of essential interfaces are not available on schedule
Size underestimate
CASE tool underperformance
Project and product

CASE tool underperformance
The size of the system has been underestimated.

CASE tools which support the project do not perform as anticipated
Technology change
Product competition
Business
Business
The underlying technology on which the system is built is superseded by new technology.
A competitive product is marketed before the system is complete.
Risk management Process

Risk Identification Identify project, product and business risks Risk analysis Assess the likelihood and consequences of these Risks Risk planning Draw up plans to avoid or minimise the effects of the risk Risk monitoring Monitor the risks throughout the project
Risk type
Possible risks
Technology
The database used in the system cannot process as many transactions per second as expected. Software components that should be reused contain defects that limit their functionality.
It is impossible to recruit staff with the skills required. Key staff are unavailable at critical times. Required training for staff is not available. The organisation is restructured so that different management are responsible for the project.
People
Organisational
Tools
Requirements
The code generated by CASE tools is inefficient. CASE tools cannot be integrated.
Changes to requirements that require major design rework are proposed. Customers fail to understand the impact of requirements changes.
Estimation
The time required to develop the software is underestimated. The rate of defect repair is underestimated. The size of the software is underestimated.
Risk analysis
Assess probability and seriousness of each risk. Probability may be very low, low, moderate, high or very high. Risk effects might be catastrophic, serious, tolerable or insignificant.
Risk analysis (i)

Risk Organisational financial problems force reductions in the project budget. It is impossible to recruit staff with the skills required for the project. Key staff are ill at critical times in the project. Software components that should be reused contain defects which limit their functionality. Changes to requirements that require major design rework are proposed. Probability Low Effects Catastrophic
High
Catastrophic
Moderate Moderate
Serious Serious
Moderate
Serious
Risk analysis (ii)

Risk
The time require in the system cannot process as many transaction Per second a expected The time require to develop a software is underestimated CASE tool cannot be integrated Require training for staff is not available . The size of the software is underestimated
Probability
Moderate
Effect
Serious
High
Serious
High Moderate
Tolerable Tolerable
High
Tolerable
Risk planning
Consider each risk and develop a strategy to manage that risk. Avoidance strategies The probability that the risk will arise is reduced;
Minimisation strategies The impact of the risk on the project or product will be reduced;
Contingency (in contact) plans If the risk arises, contingency plans are plans to deal with that risk;
Risk 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.
Risk indicators
Risk type Technology People Potential indicators Late delivery of hardware or support software, many reported technology problems. Poor staff morale, poor relationships amongst team member, job availability.
Organisational
Tools
Requirements Estimation
Organisational gossip, lack of action by senior management Reluctance by team members to use tools, complaints about CASE tools, demands for higher-powered workstations Many requirements change requests, customer complaints Failure to meet agreed schedule, failure to clear reported defects.
Risk indicators
Risk type Technology Potential indicators Late delivery of hardware or support software, Many reported technology problems.
Project Team
Poor staff morale, poor relationships amongst team members, job availability.
Organisational
Tools
management control issues

Reluctance by team members to use tools, CASE tools, demands for higher-powered workstations Many requirements change requests, customer complaints Failure to meet agreed schedule, failure to clear reported defects
Requirements Estimation
THANK YOU.

Risk Management: Naveen Prajulit Dang Symbiosis International Unversity, MBA (2010-2012)

Uploaded by

Copyright:

Available Formats

Risk Management: Naveen Prajulit Dang Symbiosis International Unversity, MBA (2010-2012)

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Risk Management: Naveen Prajulit Dang Symbiosis International Unversity, MBA (2010-2012)

Uploaded by

Copyright:

Available Formats

Risk Management

By Naveen Prajulit Dang Symbiosis International Unversity, MBA(2010-2012)

WHAT IS RISK MANAGEMENT ?

Risk Staff turnover Management change Hardware unavailability

Affects Project Project Project

Project and product

There will be a larger number of changes to the requirements than anticipated

Project and product

The size of the system has been underestimated.

Risk management Process

Risk analysis (i)

Risk analysis (ii)

management control issues

You might also like

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.