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Software Risk Management: Chapter One
Software Risk Management: Chapter One
Definitions of risk
The possibility of suffering harm or loss; danger”
A measure of the probability & severity of adverse effects”
Risk is future uncertain events with a probability of occurrence and
potential for loss
Risk is the probability of failing to achieve particular costs,
performance, schedule and objectives.
Risk Exposure = Prob(Loss) x Size(Loss)
06/12/2022
problems, organizational issues, lack of authority, and control problems.
Compiled by Abdulaziz K.
Cont…
Contractual and legal risks
Include changing requirements, market-driven schedules, health
&safety issues, government regulation, and product warranty issues.
Financial risks
Include cash flow, capital and budgetary issues, and return on
investment constraints.
Other resource risks
Continuous process
Risks are tracked continuously throughout the risk
management paradigm during this phase.
Modify the identified risk than the more information is known
and add new risks as better insight is achieved.
Boehm's risk
management model