Monday, August 24, 2009

Software Risk

1. What is Risk?
-----Risk is a concept that denotes the precise probability of specific eventualities. Technically, the notion of risk is independent from the notion of value and, as such, eventualities may have both beneficial and adverse consequences. However, in general usage the convention is to focus only on potential negative impact to some characteristic of value that may arise from a future event.
Nevertheless, risks can be reduced or managed. If we are careful about how we treat the environment, and if we are
aware of our weaknesses and vulnerabilities to existing hazards, then we can take measures to make sure that
hazards do not turn into disasters.

5 software risks:
a.)Staff Turnover: This kind of software can affect the success or failure of a project since in this situation.
b.) The project itself: This kind of software risks include inadequate configuration control, cost overruns and poor quality.
c.) Commercial software risks: A finished project may have lower user satisfaction. Lower user satisfaction means the product has low quality, functions inadequately, and has complex structures.
d.) Hardware Unavailability: A kind of sofware risk where the needed hardware specifically needed of a certain project is not available on a certain schedule that is set that it would be use.
e.) Configuring the Project: This simply means that the project might be in jeopardy once the congifure is mistaken and there will be a great need for the project to reconstruct it.

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