Showing posts with label risk management. Show all posts
Showing posts with label risk management. Show all posts

What are the types or categories of risks in software engineering? Explain the process of risk management.

Risk Management: Risk management is a series of steps that help a software team to understand and manage uncertainty. It’s a really good idea to identify it, assess its probability of occurrence, estimate its impact, and establish a contingency plan that─ ‘should the problem actually occur’. Risk management is a part of umbrella activities.

Simplistically, you can think of a risk as something that you’d prefer not to have happen. Risks may threaten the project, the software that is being developed or the organisation.