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Q: What are the main risk factors which may be encountered in the development of software?
A: Providing insights to support informed decision making is the primary objective of Risk Management. In practice, Risk Management concentrates on performing bottom-up, detailed, continuous assessment of risk and opportunity. [ It focuses on addressing the day-to-day operational risks that a program faces. Risk Management follows a two-stage, repeatable and iterative process of assessment
(i.e., the identification, estimation and evaluation of the risks confronting a program) and management (i.e., the planning for, monitoring of, and controlling of the means to eliminate or reduce the likelihood or consequences of the risks discovered). It is performed continually over the life of a program, from initiation to retirement. ]
Expert answered|MrG|Points 2180|
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Asked 12/31/2012 12:35:46 PM
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