12 Questions
What is the conceptual definition of risk?
A potential problem that might or might not happen.
What is the key characteristic of risk that distinguishes it from constraints?
Uncertainty of occurrence
In risk categorization, what do technical risks threaten?
The quality and timeliness of the software to be produced
Which type of business risk involves building a product that no one really wants?
Market risk
What are known risks in risk management categorized by?
Past project experience
What is the main goal of risk management?
Reducing the impact and probability of risk
What is the primary objective of proactive risk strategies?
To avoid risks and have a contingency plan for handling unavoidable risks
What is the key difference between proactive and reactive risk strategies?
Proactive strategies aim to avoid risks, while reactive strategies deal with risks after they occur.
What is the first step in the 8 Steps for Risk Management mentioned in the text?
Identify possible risks and recognize what can go wrong
How are risks typically ranked in the 8 Steps for Risk Management?
By probability and impact
What is the purpose of developing a contingency plan in risk management?
To handle high-probability and high-impact risks effectively
What is the function of the Risk Item Checklist mentioned in the text?
To identify known and predictable risks in specific subcategories
Learn about risk management, including risk identification, projection, mitigation, monitoring, and management, with a focus on project risks. Explore the concept and definition of risk according to R. Pressman's 'Software Engineering: A Practitioner’s Approach'.
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