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What is Risk Management in Software Projects about?

Here are the key steps to recording risk information: 1. Assign each risk a unique identifier (e.g. R1, R2 etc.) 2. Describe the risk - what could go wrong? 3. Estimate likelihood of occurrence (e.g. high, medium, low) 4. Estimate impact if it occurs (e.g. high, medium, low) 5. Calculate risk exposure by multiplying likelihood and impact 6. Record any existing controls or contingency plans 7. Assign risk owner - who is responsible for managing the risk? 8. Record status (open, closed) and update a

Author

khazinanaveed890

Language

EN