1. CSSE 372 11.September.2008 Risk Chapter 2, pages 63-80 “At risk”

2. Outline Identification Estimation Mitigation Exercise Procter & Gamble’s equation: Risk = Hazard + Exposure. From www.pgbeautyscience.com/safety-assessment.html.www.pgbeautyscience.com/safety-assessment.html

3. First CotD

4. Identification Technical Project Management Organizational External Business  A lot of people use Pressman’s risk list: http://www.rspa.com/checklists/risk.html For example…

5. Technical Issues (start)… Are facilitated application specification techniques used to aid in communication between the customer and developer? Are specific methods used for software analysis? Do you use a specific method for data and architectural design? Is more than 90 percent of your code written in a high order language? Are specific conventions for code documentation defined and used? Do you use specific methods for test case design? Are software tools used to support planning and tracking activities? …

6. Discussion – Who’ll have what risks? Which project manager is likely to have what kinds of risks? Technical Project Management Organizational External Shanice Cody

7. Second CotD

8. Qualitative Estimation

9. Dynamic Estimation

10. Risk response Accept Avoid Contingency planning Mitigate Transfer

11. Monitoring/Controlling Risk log ID number Risk description Risk owner Action to be taken Outcome Include Probability/Impact

12. How do you gather risks? Formal Informal

13. Risk assessments should be/contain: In the If _______, then___________ format Clearly tie back to 5 project constraints Include a mitigation strategy Include a time line for revisiting/updating the risks Include key resources Indication of where it falls in the chart Opportunities

14. Discussion Problem You and 7 others are going to fly 1500 miles in a pedal-powered airplane. The plane can carry 3000 pounds of freight (including passengers) at 30 mph, when powered by 4 pedallers. Each team member can pedal for 4 hours continuously. If you lose power the plane crashes.

15. Activity 1. Identify the risks 2. For each risk, estimate its probability and impact 3. Prioritize risks 4. Identify mitigation strategies for the most important half of the risks 5. Share your results with rest of class

16. Questions? Bike blimp from http://blog.makezine.com/archive/2008/06/bike_blimp_remake.html.http://blog.makezine.com/archive/2008/06/bike_blimp_remake.html