TAILIEUCHUNG - SOFTWARE RISK MANAGEMENT - Linda Westfall The Westfall Team

In return for all this, though, the Product Owner gets two things. First, he or she has the confidence of knowing the team has made a very strong commitment to complete the work they’ve signed up for, and over time Scrum teams get to be very good at delivering this. Second, the Product Owner gets to make whatever changes he or she likes to the Product Backlog before the start of the next Sprint. At that point, additions, deletions, modifications, and re-prioritizations are all completely acceptable. While the Product Owner is not able to make changes during the current Sprint,. | SOFTWARE RISK MANAGEMENT Linda Westfall The Westfall Team westfall@ PMB 383 3000 Custer Road Suite 270 Plano TX 75075 972-867-1172 voice 972-943-1484 fax SUMMARY This paper reviews the basic concepts terminology and techniques of Software Risk Management. It teaches readers how to identify and analyze software risks on their projects. Readers then learn techniques for planning and acting to mitigate risks so that the overall impact of those risks on their projects is minimized. KEY WORDS Risk Analysis Risk Identification Software Project Management DEFINING SOFTWARE RISK MANAGEMENT There are many risks involved in creating high quality software on time and within budget. However in order for it to be worthwhile to take these risks they must be compensated for by a perceived reward. The greater the risk the greater the reward must be to make it worthwhile to take the chance. In software development the possibility of reward is high but so is the potential for disaster. The need for software risk management is illustrated in Gilb s risk principle. If you don t actively attack the risks they will actively attack you Gilb-88 . In order to successfully manage a software project and reap our rewards we must learn to identify analyze and control these risks. This paper focuses on the basic concepts processes and techniques of software risk management. There are basic risks that are generic to almost all software projects. Although there is a basic component of risk management inherent in good project management risk management differs from project management in the following ways Project Management Risk Management Designed to address general or generic risks Designed to focus on risks unique to each project Looks at the big picture and plans for details Looks at potential problems and plans for contingencies Plans what should happen and looks for ways to make it happen Evaluates what could happen and looks for ways to minimize the damage Plans for success Plans to

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