Chapter 5: Planning for Software Project Risks 113 (Space web hosting)
Chapter 5: Planning for Software Project Risks 113 Figure 5-2: Projects are more likely to fail at the beginning than at the end. Project baselineLiklihood of suess Project timeline Managing Risks in Your Organization Every organization has its own approach to risk management. Even yours. We can hear some of you now, But we don t have an approach. We just do whatever. Groovy. That s your approach. Not a really good one, but it is an approach. A no-approach risk management strategy leads to project failures, frustration, surprises, and I-told-you-so s throughout the project. Not to mention all the extra cash and time the risks eat up. Tighter organizations (which, coincidentally, usually aren t tottering on the edge of bankruptcy) have a step-by-step strategy to handling risks. These organizations have procedures, templates, and processes to identify, capture, and asses the risks that threaten the project s success. Identifying risks Regardless of your company s official risk management strategy, you can rely on qualitative risk analysis to get things moving. Qualitative analysis is the process of creating a risk ranking based on all the identified risks within the project. The best way to conduct qualitative risk analysis is for you to invite the project team and all the other key stakeholders to get together for a risk identification party. Alright, it s hardly a party, but it needs to be done on every project.
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