Page 207 - DCAP304_DCAP515_SOFTWARE_PROJECT_MANAGEMENT

Unit 10: Risk Management

Schedule Risk Notes

Project schedule get slip when project tasks and schedule release risks are not addressed properly.
Schedule risks mainly affect on project and finally on company economy and may lead to project
failure.

Schedules often slip due to following reasons:
 Wrong time estimation
 Resources are not tracked properly. All resources like staff, systems, skills of individuals,
etc.
 Failure to identify complex functionalities and time required to develop those
functionalities.

 Unexpected project scope expansions.

Budget Risk

 Wrong budget estimation.
 Cost overruns
 Project scope expansion

Operational Risks

Risks of loss due to improper process implementation, failed system or some external events
risks.
Causes of Operational risks
 Failure to address priority conflicts

 Failure to resolve the responsibilities
 Insufficient resources
 No proper subject training
 No resource planning
 No communication in team.

Technical Risks

Technical risks generally leads to failure of functionality and performance.

Causes of technical risks are:
 Continuous changing requirements
 No advanced technology available or the existing technology is in initial stages.

 Product is complex to implement.
 Difficult project modules integration.

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