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Risk Chapter 2, pages 63-80

Risk Chapter 2, pages 63-80. CSSE 372 11.September.2008. “At risk”. Outline. Identification Estimation Mitigation Exercise. Procter & Gamble’s equation: Risk = Hazard + Exposure. From www.pgbeautyscience.com/safety-assessment.html. First CotD. Identification. Technical

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Risk Chapter 2, pages 63-80

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  1. RiskChapter 2, pages 63-80 CSSE 372 11.September.2008 “At risk”

  2. Outline • Identification • Estimation • Mitigation • Exercise Procter & Gamble’s equation: Risk = Hazard + Exposure. From www.pgbeautyscience.com/safety-assessment.html .

  3. First CotD

  4. Identification • Technical • Project Management • Organizational • External • Business  A lot of people use Pressman’s risk list: • http://www.rspa.com/checklists/risk.html • For example…

  5. Technical Issues (start)… • Are facilitated application specification techniques used to aid in communication between the customer and developer? • Are specific methods used for software analysis? • Do you use a specific method for data and architectural design? • Is more than 90 percent of your code written in a high order language? • Are specific conventions for code documentation defined and used? • Do you use specific methods for test case design? • Are software tools used to support planning and tracking activities? • …

  6. Discussion – Who’ll have what risks? • Which project manager is likely to have what kinds of risks? • Technical • Project Management • Organizational • External Cody Shanice

  7. Second CotD

  8. Qualitative Estimation

  9. Dynamic Estimation

  10. Risk response • Accept • Avoid • Contingency planning • Mitigate • Transfer

  11. Monitoring/Controlling • Risk log • ID number • Risk description • Risk owner • Action to be taken • Outcome • Include Probability/Impact

  12. How do you gather risks? • Formal • Informal

  13. Risk assessments should be/contain: • In the If _______, then___________ format • Clearly tie back to 5 project constraints • Include a mitigation strategy • Include a time line for revisiting/updating the risks • Include key resources • Indication of where it falls in the chart • Opportunities

  14. Discussion Problem • You and 7 others are going to fly 1500 miles in a pedal-powered airplane. • The plane can carry 3000 pounds of freight (including passengers) at 30 mph, when powered by 4 pedallers. • Each team member can pedal for 4 hours continuously. • If you lose power the plane crashes.

  15. Activity • Identify the risks • For each risk, estimate its probability and impact • Prioritize risks • Identify mitigation strategies for the most important half of the risks • Share your results withrest of class

  16. Questions? Bike blimp from http://blog.makezine.com/archive/2008/06/bike_blimp_remake.html.

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