36.2. Ranking Project Risks
A useful method to prioritize overall project risks is to estimate their probability and impact (in cost, time, or effort). The estimates may be quantitative (which are usually very speculative) or simply qualitative (for example, high-medium-low, based on discussion and group dot-voting). The worst risks are naturally those both probable and of high impact. For example:
| Risk | Prob-ability | Impact | Mitigation Ideas |
|---|---|---|---|
| Insufficient number and quality of skilled object-oriented developers. | H | H | Read the book.
Hire temporary consultants. Classroom education & mentoring. Design and programming in pairs. |
| Demo not ready for the upcoming POS-World convention in Hamburg. | M | H | Hire temporary consultants who are specialists in Java POS systems ... |
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