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The Hardening of Risks

The Hardening of Risks. Team Members. Asif Iqbal BSSE-F10-M031 Mazhar Siddique BSSE-F10-M008 Maqsood Ali BSSE-F10-M023. The Hardening of Risk. Definition “ The journey from symptoms into concrete crisis ”

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The Hardening of Risks

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  1. The Hardening of Risks

  2. Team Members • Asif Iqbal BSSE-F10-M031 • Mazhar Siddique BSSE-F10-M008 • Maqsood Ali BSSE-F10-M023

  3. The Hardening of Risk • Definition “ The journey from symptoms into concrete crisis ” Sometime we setout actions point to acts on the risk or the risk symptoms and allow them to concrete

  4. Four streams of risk hardening • Hardeninng of Bussiness Risks • Hardeninng of Product Risks • Hardeninng of Process Risks • Hardeninng of Project Risks

  5. Hardening of Business Risks “Symptoms of business trouble can be spotted well in time if not they becomes hard concrete

  6. Classic symptoms • Slow growth rate • Loss of customers • Declining profits • Declining sales volume • Growing competition • Technology revolutions

  7. How to track business risk….. • Using a balance scorecard • Business benchmark

  8. Hardening of Product Risks It begins with failure probabilities, or failure modes (FM), seen early in the product life cycle. They harden into errors, which are software anomalies seen and corrected by the author. The story of product risk revolves around: 1. Failure modes 2. Errors 3. Defects 4. Failure

  9. How to track product risk • Product risk tracking is closely supported by software inspections and testing. • Product risk is identified by product audits, inspections, and testing.

  10. Hardening of Process Risks • The process risks become hard or permanent when people abandon processes after not complying with them for some time. • Habitual noncompliance causes recurring damage to the organization in several forms. It is a cause–effect situation.

  11. Hardening of Project Risks This is when micro level risks accumulate, and if unmitigated, lead to project failure.

  12. Thank you

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