Risk Management

• Identification- define the risks that are likely for the project
• Projection- attempt to indicate the quantitative likelihood that a risk will occur
• Assessment- evaluate accuracy of projections and prioritize risks
• Management and monitoring- move to avert those risks that are of concern and monitor all circumstances that may lead to risk

Risk Identification

è Team

- Inexperienced project leader, project team

- Project team members working part-time

- Multi-departmantal project team

- High turnover

è Customer/user

- Client with low confidence in developer

- Users are threatened by application

- Users won’t spend the time to define

- Multi-departmental users

- Client project rep is part-time