Basics of Software Risk Management
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Published: 22 Jan 2007
In this article Arindam discusses the basics of Software Risk Management.
by Arindam Ghosh
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What is risk management? The easiest explanation would be the possibility of loss. The loss can be either a bad outcome or a lost opportunity. The negative image of the word "risk" is sometimes the problem with risk management. Of course, unless there is a potential for loss, there is no risk.

Risk management is the sum of all proactive activities within a program intended to accommodate the possibility of failures.

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