Risk Management Workshop
Top Challenges to Addressing Risk
First: Properly Identify the Risk
Look at the risk and make sure it is not a:
- Condition
- Symptom
- Event
- Opinion
- To determine if it is really a risk, ask if there is a $ impact if the risk occurs
- Does it impact the schedule?
- The quality
- Or the mission you are trying to accomplish
- What is the impact?
Second: Quantify the Risk Impact
- Quantify as H, M or L and assign a dollar value to that ranking if you can
- assigning a dollar value to a risk will always provide more value
Third: Effective Treatment
- Identify a trigger point and put a timeframe on it
Risk Management Process
Establish the context
Identify the Risk
Quantify the risk
Treat/Mitigate the risk
Monitor the risk
Report the risk
Testing Risks Examples
Lack of test cases
Management cuts schedule
Changing requirements
Project Risk Example
Schedule delay due to regulatory changes to statute x
Risk Treatment and Mitigation
Review status of law change - (weekly) - Nov 1
Review draft change (x days after release 1)
Assess schedule impact (y days after release)
Enter risk
Proposed revised schedule
Re-baseline plan
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Testing Risk Group Exercise
Worked on as a group. These were all theoretical numbers we made up. This problem, however, was too broad; therefore it was hard to really define what the specific risk could be.
Problem - Changing Requirements
Risk
- Schedule
- Budget
- Quality
- Facilitator suggested that we should just focus on one risk, whatever has the highest impact or is most important
Quantify
- Schedule increased by 14 days
- Budget will go up by 14 resources @ $500/day
- Quality - defects will go up, rework involved in re-doing regression testing
Treatment
If the impact of the changes to requirements is:
Low - Accept the risk/no rewrite (of test cases or scripts)
Medium - If the value outweighs the cost - re-test/expand schedule etc.
- If the value does not outweigh the cost - reject change or defer testing to another release
High - Make the changes and adjusts costs/schedule as required
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