Basics of Software Risk Management: ASP Alliance

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Basics of Software Risk Management

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Published: 22 Jan 2007

Abstract
In this article Arindam discusses the basics of Software Risk Management.

by Arindam Ghosh
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Article Contents:

Introduction
How we can learn from past experiences
Uncertainty leading to Risks
Who is a Risk Manager?
Ownership in Risk Management
Simple Steps to Reduce Risks
What is Continuous Risk Management (CRM)?
Types of Risks
Risk Management Tools and Techniques
Developing Risk Management Plans and Outputs
The Role of the Human Element
References
Conclusion

Introduction

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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