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Software Project Risk Management

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Questions and Answers

What is the main focus of Reactive Risk Management?

Developing contingency plans for predictable risks

Reacting to risks when they occur (correct)

Identifying potential risks through careful evaluation

Planning for additional resources to mitigate risks

Which type of risk threatens the viability of the software to be built?

Project risks

Technical risks

Business risks (correct)

Software risks

What is the main goal of maintaining a global perspective in risk management?

To develop contingency plans for predictable risks

To identify potential risks through careful evaluation

To view software risks within the context of the system and the business problem (correct)

To integrate risk consideration into the software process

What type of risk is extremely difficult to identify in advance?

Unpredictable risk Signup and view all the answers

Why is it important to encourage open communication in risk management?

To avoid discounting potential risks stated by team members Signup and view all the answers

What is the key characteristic of a continuous risk management process?

It involves modifying identified risks and adding new ones as more information is known Signup and view all the answers

What is the primary benefit of developing a shared product vision?

Improved risk management Signup and view all the answers

What is the primary goal of risk identification in software development?

To identify and mitigate all possible risks Signup and view all the answers

What type of risk is associated with the overall size of the software to be built or modified?

Product size risk Signup and view all the answers

What is the purpose of risk estimation in software development?

To rate the likelihood and consequences of a risk Signup and view all the answers

What type of risk is associated with the degree of uncertainty that the project schedule will be maintained?

Schedule risk Signup and view all the answers

What is the purpose of team brainstorming in risk management?

To identify all possible risks Signup and view all the answers