Risk is an uncertain event or condition that, if this occurs, will have an impact on the IT system / project (or purposes or purposes) and may have a positive or negative impact. There are usually many more things that are likely to be bad for the IT system or projects than they are likely to be appropriate, so risk management is usually the fact that they are trying to prevent things.
In most IT systems we identify at least four objectives:
1. Functionality: characteristics or performance of the expected system
2. Quality: Excellence in System Performance
3. Scheduling: Date of Functional Specification
4. Cost: The budget under which the system should be delivered
Other goals may be, for example:
5. Security: The system must operate within the safety regulatory framework or at least be safe
6. Environment: The system must work within an environmental regulatory framework, for example in a power plant or gas pipeline
7. Political: There may be a need to avoid system embarrassment, such as a new passport control system, which is a disguised substitute.
The risk is any future event that would increase your costs or schedule or lead to a reduced functionality or quality of the projects or affect any supplied services of the identified ones.
The risk management process can be divided into six operational areas:
1. management planning
5. Response Design
6. monitoring and control
It is the responsibility of the risk manager to handle these processes. Let's see them one after the other:
1. Risk Management Planning
A typical plan defines:
1.1. Activities that need to be transported. including identifying, evaluating, documenting, responding to the client, tracking responses and responding to responses
1.2. Roles and responsibilities
1.3. Elderly and Holiday Breaks Who Do This
1.4. The criteria used to evaluate risks include, for example, Assess the cost of the project or effect on time limits or both
1.5. Reporting Method
1.6. Review Times
2. Risk Identification
Identify the process of what's wrong with your project. Identifying risks is a question of access to information that is available to the corporate body.
Usually uses this:
2.1. Risk databases: a collection of information from previous projects' experiences.
2.2. Risk checklists: List of areas where you can expect problems.
2.3. Information gathering techniques: gathering information from a wide range of individuals using techniques such as idea collection, Delphi technique and interviews.
2.4. Analysis of strengths, weaknesses, opportunities and threats (SWOT): Identifies the risk in the client company that may affect the system.
2.5. Special Techniques: for example, cause-and-effect diagrams and various forms of flow charts. They are often used for the planned system functions, for example. Interview with Engineers or Accountants' Skills
This means that we estimate the severity of the risk in order to prioritize and manage the various risks first.
Severity of the risk is generally determined in 3 quantities:
3.1. Impact: Impact if it Happens
3.2 Probability: Possibility
3.3 Accuracy: Risk Level  4. Risk Quantification
Quantifying Risks to Measure Risk and Project Impact Impact serving process. Contrary to the risk assessment, risk quantification is intended to create verifiable numerical values. Risk quantification typically uses the following techniques:
4.1. Determine how the risks affect the cost and duration of the project
4.2. Determine the end date and budget
4.3. Appropriate modification of project plans subject to quantified risk factors
5. Risk Response Planning
There are four ways to respond to any risk:
5.1 Avoiding: Organizing your system (or your business), so risk is no longer relevant.
5.2 Acceptance: Acceptance means that you have to decide whether you are risking or accepting it. (Note: If we do this, we must justify the cause)
5.3 Diligence: To reduce the severity of the risk by taking positive steps or reducing the likelihood of a risk (risk reduction) or risk when it occurs (sensitivity reduction).
5.4 Transmission: transferring the effects of a risk (usually financial effects) to another party, eg. Supported by Outsourcing
6. Risk Observation and Control
Risk monitoring and control is a continuous process that takes place in the life of the project. Key Requirements:
6.1. An organized method of risk assessment. This is usually done as part of regular project meetings
6.2. Own ownership of risks. Each risk should have a person responsible for keeping up-to-date risk information and ensuring that response measures are implemented.
6.3. The risk information system. A standardized reporting system is proposed to help remove the subjective meaning of risk severity. This is usually an online database accessible to all members of the project.
6.4. Periodic risk assessments. Periodically, through projects, to determine whether the risks have changed
6.5. Independent Risk Analysis. External risk management companies are often used to acquire an external view and to ensure that risks are objectively handled.
Make sure you consider all of the above topics before you begin your IT project and you will be well-placed to manage and control your risks. There is always something in the project to get caught, but with a decent risk management plan, you have the tools you need to minimize its impact on the long run.
Source by sbobet