Basics of Software Risk Management
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by Arindam Ghosh
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Who is a Risk Manager?

“Often, we see the experienced project manager will use risk management as a method for raising the awareness of conditions that could cause losses so that the project does not begin with a fuzzy vision and not much of customer involvement.”

The role of a Risk Manager, which is found in relatively large projects, will be to capture and formalize risk management activities and results. He becomes the main spokesperson for the program for risks for major reviews and reports.

The basic structure recommended for risk management consists of a Risk Manager who is responsible for the definition, structure, implementation and coordination of a risk management approach consistent with the program, system engineering, test, manufacturing and verification plans.

It is the Risk Manager's job to coordinate the risk management activities within the prime's organization and with all subcontractors. The Risk Manager assists the Program Manager.

The Risk Manager also maintains the status of the risk list and provides any risk training required for the proposal. He also develops work schedules to overcome any shortcomings of the RFP with respect to risk and provides whatever level of draft that is required by the RFP for the Risk Management Program Plan.

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