Risk Management
Potential areas of risks are identified at the project start-up stage:
- Unrealistic schedule.
- Faulty assumption.
- Timely availability of skills/expertise.
- Availability of correct test cases and test data.
External influences and dependencies are identified.
- Deliverable dependencies.
- Client's inputs.
- Resource dependencies.
- Future resource demands.
- Future resource shortages.
- Impact on other projects.
This enables us to take preventive action. These include:
- Identify an alternative source of key skills.
- Provide training to other team members.
There is an established process:
- Assess the risk factor - probability of occurrence, potential effect on costs-schedules or quality to identify whether a risk needs to be avoided, reduced or accepted.
- Select risk avoidance strategies.
- Put monitoring measures.