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M.Sc. CS (Morning)
There is a student IS costing 5 Lacs has to be developed within 5 months. skills and experience IS infrastructural risk .
Planning Risks . > Cost overruns > Running out of fund.Sometimes the work requirement and specification may change and all the work would be planned again. Causes of technical risks are: Continuous changing requirements Product is complex to implement. Budget Risk > Wrong budget estimation. What kind of risks can be involved in it? How to control/mitigate these risks?
Types of risks that can be involved in developing any IS and that need to be assessed are: Organizational risk . Difficult project modules integration.assessing how far the entire organization needs and is prepared to support the project Definitional Uncertainty – assessing the degree to which the requirements and the specifications of the project are known Technical Uncertainty – evaluating a project’s dependence on new or untried technology.
How to control or mitigate these risks? By better and pre-: Planning Assessment Estimation of cost and budget Testing
.looking at how equipped the organization is to implement the project in terms of personnel.