Professional Documents
Culture Documents
Risk MGMT
Risk MGMT
4 Risk management
Introduction
RMMM plan tackles risks through Risk Assessment and Risk Control. Risk Assessment involves Risk Identification, Risk Analysis and Risk Prioritization; while Risk Control involves Risk Management Planning, Risk Resolution and Risk Monitoring
Scope:
RMMM
plan outlines the risk management strategy adopted. We adopt a proactive approach to tackle
Purpose:
This
Risk Mitigation Monitoring and Management Plan identifies and documents the risks associated with Project. In addition to project risks and technical risks, business risks are also identified, analyzed and documented. Both generic and product-specific risks have been considered. In addition to identification, this document outlines the proactive strategy that we have adopted to avoid these risks. A contingency plan is also prepared for each risk, in case it becomes a reality. Only those risks have been treated whose probability and impact are relatively high, i.e. above a referent level.
1. 2.
Given the technical experience among project members is limited, there is concern that the size
Risk Table
ST: Staff related size and experience TE: Technology to be built related PS: Product size DE: Development Environment BU: Business impact PD: Process Definition
Risk Illiterate to project management skills Unversed to programming language Unfamiliar to Concept of the project Unfamiliar to software tools Technical experience among project members is
Type ST ST ST DE ST
Time constraint for some modules may not meet TE Improper interaction amongst group members ST can result in misunderstanding
Critical Critical
of
over
Unfamiliar to the 1)Scheduled studying concept of project concepts from books 2)Discussion with
guide Unfamiliar to the Scheduled studying of Setting software tools specification of Software tools development phase technical Software in during
implementation
experience among projects and try to monitors our project and external guide in project members is learn as much from and limited their experience guidance whenever and decision making. required. the During use of the Use the alternative tools Development tools minimum tools