Best web hosting site - 222 Part III: Executing Your Software Project Plan
222 Part III: Executing Your Software Project Plan Table 10-1 Project Risk Management Processes Risk Management Process Definition Risk management planning Planning on how to deal with project risk management activities Risk identification Identifying the risks that could potentially affect your software project Qualitative risk analysis Deciding on the priorities of each risk and determining the probability of a risk actually happening Quantitative risk analysis Assigning a number to each risk so that you can analyze its possible affects Risk response planning Planning how you will respond to each risk so that you can minimize threats to your project objectives Risk monitoring and control Tracking and monitoring existing risks as well as identifying new risks while you evaluate the effectiveness of your risk management plan and make appropriate revisions Each of these risk management processes has particular tools and techniques that you can use as you develop your risk management plan. The tools and techniques for the first process risk management planning are planning meetings and analysis. Gathering information to identify real risks As you begin planning your software project, you need to hold meetings with appropriate stakeholders, such as current team members and associates in the firm who have worked on similar projects in the past. All these people, and others who may have information to contribute to the success of your project, can share their experiences and expertise. During these initial meetings, with your firm s risk tolerance in mind, you will begin gathering information to develop your risk management plan. Your organization may even have templates that you can use for these activities. During the risk management planning phase, you re likely to be performing risk identification because you and other appropriate stakeholders will be reviewing project documentation, such as previous project plans and project files.
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