Identifying and Managing Project Risk: Difference between revisions

Revision as of 03:08, 13 March 2013

Revision as of 03:38, 13 March 2013

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#Integration defect (change due to unexpected behavior)

Kendrick describes a variety of methods for arriving at and defining deliverables and hence defining the scope. He suggests using the "is/is not" method of bounding the scope. nbnn

Three high-level risk assessment tools are discussed — Risk Framework, Risk Complexity Index and Risk Assessment grid. Risk Framework looks at the project's technology, the market and the manufacturing effects and uses the relative change to each of these to determine the risk level of the project. Risk Complexity Index looks at the technical aspects of the project (technology, architecture and system) and generates a number from 0-99 to quantify risk. Risk Assessment creates a grid of technology, structure and size to estimate the risk.