Page 24 - SPM FINAL

Risk Analysis

Risk Type Risk Frequency Description Solution
Requirements Frequently ● Pre-requisites not ● System must be
satisfied updated/upgraded to
● Outdated requirements in the latest software and
the system hardware
● Hardware requirements
not met

Schedule Risk Likely ● Risk associated with the ● Parts of software
adequacy of the time development must be
alotted for the planning done within a certain
● Resource and deadline
Development (R&D)
Technology Risk Seldom ● Bugs in the code ● The bugs must be
generated removed and the code
● Running on the must pass as many test
developers side but not cases as possible
on the client side yet ● The developer must
having the same solve the client side
requirements problem that is being
generated

Cost Risk Unlikely ● Risk that is associated ● The cost of
with the ability of the optimization must be
project to achieve the done effectively with
planned life cycle low cost
● Use of open source
software must be used
for low cost

Business Risk Ocassional ● Risk that is associated ● The software must be
when the project is sold at a low cost
deployed into the market ● Someone will be
● Not making a good profit appointed as the sales
out of it head for managing the
● Not being sold much sales of the software