Problem Statement
Explain the major steps of the risk management process in software projects and how you would incorporate them into the SDLC.
Explanation
The risk management process typically includes: risk identification (list risks), risk analysis (assess likelihood & impact), risk prioritisation, risk response planning (avoidance, mitigation, transfer, acceptance), risk monitoring & control. /n/n You incorporate this into the SDLC by embedding risk activities at each phase: during planning you identify risks, during design you plan responses, during execution you implement mitigation and monitor, during closing you review risk outcomes and lessons learned. Proactively managing risk increases project success probability.
Practice Sets
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