Risk Analysis and Management

New Albany Software Engineering

Fall 2016

You are to, as a team, perform a complete risk analysis of the project. Use the tables before as a template to transfer to your wiki. You are to fill them out completely. You will then reassess them on a regular basis.

You are to, as a team, perform a complete risk analysis of the project. Use the tables below as a template to transfer to your wiki. You are to fill them out completely. You will then reassess them on a regular basis.

The idea of this assessment is about the design and development process itself. You are NOT to assess future risk of the system for the eventual users, but rather risks to the design and development process you are doing IN THIS CLASS. In other works, what are the direct risks to you and your team completing this project, and creating a real usable product.

Interactive tables have been set up on the MVNU CS Wiki to allow you to work and and collaborate on risk assessment dynamically. You will need to follow the link below to the interactive Risk Assessment and Management Page. Follow link below by right clinking on the link and openning in a new tab (so you don't lose this page).

Before you can modify this page you will need to create an account on the wiki. Do that by visiting: http://cs.mvnu.edu/twiki/bin/view/Main/TWikiRegistration

You are then to work together as a team the following steps:

  1. Risk Identification - what are the risks to the projects succeeding
  2. Risk analysis - classify the types of each risk (see risk types from chapter 22-33)
  3. Analyze each risk - what is the likelihood it will occur, how damaging is it if it occurs?
  4. Risk Mitigation Strategy - For each risk come up with a risk mitigation strategy that YOUR TEAM will employ. This depends totally on risk and importance of each from the previous step.
  5. Risk Mitigation Assignments - For those risk that warrant it, create specific mitigation assignments, with responsible team members and due dates to be performed.

How to modify this page

Do NOT modify this page by editting it. Rather for each table, after you have created an account an logged in, click the edit button and modify the table by creating, deleting, moving and editting rows in each table. Note that the tables have pull down values for the possible values.

Risk Management for Solar Data Team

Risks Found

# Risk
1 There is a sun spot and all computers are distroyed
2 Second Rick

Risk Identification

For each of the risk found, classify each by type (some may be in more than one class)

Risk type Possible Risks
Technology 1, 4
People  
Organizational  
Tools  
Requirements  
Estimation  

Risk analysis

Evaluate each risk


Risk Probability Effects
Solar Flare Moderate Catastropic
Second Risk Low Serious


Risk management strategies

Decide how to manage each risk.


Risk Strategy
First Risk What to do to reduce or eliminate risk 1
Second Risk What to do to reduce or eliminate risk 2

Risk Reduction Assignments

Assign Team members to address risks

Specific Assignments of activities to address top risks

Risk Assigned Task Team Member(s) Hours Alloc % Done Finish Goal Date Done Current Status/Outcome
First Risk A specific activity to reduce risk Who will do it 2 50% 2014-02-27 2012-04-03 Noted on progress
Second Risk     5 100% 2014-02-28 2012-02-29  


Topic revision: r2 - 2016-09-20 - JimSkon
 
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