Professional Documents
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SCT213-C002-0052/2021
CAT 2
i. Technical risk; this refers to a type of risk that occur when only part of the
development team are familiar with the technology being used.
ii. Business risk; this refers to a type of risk that would occur if the developers
create a software that is of no use hence attracts little or no demand hence no
profit can be generated from the project.
4. steps of risk management process
i. Risk Identification; the developers should be in a position to
anticipate and predict risk that may occur in the future; here they try
to categorize the type of risk that could occur.
ii. Risk analysis; this is where all the type of risks identified are
analyzed and the severity of the risks identified.
iii. Risk prioritization; each risk is ranked according to its likelihood of
happening and its overall effect on the software project.
iv. Risk Planning; each of the mentioned risks is considered and ways
to maintain these risks are developed.
v. Risk monitoring; this refers to the process of keeping close tabs on
these risk and maintaining awareness considering the likelihood of
their occurrence.