Mumbai University > Computer Engineering > Sem6 > Software Engineering

Marks: 5M

Year: Dec 2015

Software Risk

• Risk may or may not be happen. It shows uncertainty of the risk and when risk occur, unwanted consequences or losses will occur.
• When building the risk table
• The project team first of all enlists all probable risk with the help of risk item checklist.

• Each risk then categorized by various categories of risk as follows. Probability of occurrence of each risk is then estimated by project team and finally, impact of each risk is accessed.

  Categorization of Risk

  1. Project Risk

  Project risk arises in the software development process then they basically affect budget, schedule, staffing, resources, and requirement.

  When project risks become severe then total cost of projects get increased.

  2. Technical Risk

  These risks affect quality and timeliness of the project. If technical risk becomes reality then potential design, implementation, interface, verification and maintenance problem gets created. Technical risks occur when problem becomes harder to solve.

3. Business Risk

When feasibility of software product is in suspect then business risks occur. Business risks can be classified as follows

i. Market Risk

When quality of software product built but if there is no customer for this product then it is called market risk (i.e. no market for product).

ii. Strategic Risk

When product is built and if it is not following the company’s business policies then such product brings strategic risks.

iii. Sales Risk

When product is built but how to sell is not clear then such situation brings sales risk.

iv. Management Risk

When senior management or the responsible staff leaves the organization then management risk occurs.

v. Budget Risk

Losing the overall budget of the project called Budget risk.

4. Known risks are those that are identified by evaluating the project plan. There are two types of known risk

c. Predictable Risk

Predictable risks are those that can be identified in advance based on past project experience

d. Unpredictable Risk

Unpredictable risk is those that cannot be guessed earlier.