Managing Risk: Methods for Software Systems Development

Part II Risk Management Process

I always tried to turn every disaster into an opportunity.

—John D. Rockefeller

Part II provides the steps to predictable risk management results. As shown in Figure II.1, there are two logical components of the risk management process: risk assessment, described in Chapters 4 and 5, and risk control, described in Chapters 6 through 8. In each chapter I define a process element in terms of what the activities are and how the mechanisms (methods, techniques, and tools) are used to transform inputs to outputs.

Chapter 4, “Identify Risk,” defines the process element Identify Risk. Read Chapter 4 to learn how to discover risk and communicate identified risk effectively.

Chapter 5, “Analyze Risk,” defines the process ...