1 What do you have to do?

Analyze the projects

• Based upon contents of Functional Specs
• Identifying Risks
• Some will be known and some unknown

2 Risk Analysis

• Basis for prototype design
• Identify risks (tangible and intangible)
• Prioritize risks based upon project impact & probability of occurance (scale of 1 - 5)
• Identify methods for risk mitigation

3 Project Decisions & Risk

• Uncertainties cannot be eliminated
• Affects can be reduced or minimized

4 Some Mechanisms for Reduction

• Establishing project action checklists
• Team evaluation of planned actions
• Critical evaluations by experts
• Contingency plans for unexpected events

5 Mitigation Methods

• Expert suggestions
• Use of Best Practices
• Change in processes/policies in customer domain
• Customer cooperation/buy-in
• All factors considered - including schedule and budget

6 What do you have to do?

• Prepare documents that identify, assess, and manage the risks
• Based upon expert/mentor advice and opinions

7 Remember…

• Quality of Design is Critical
• Establish a design approach that supports risk control
  • Sample inputs/outputs
  • Module interactions
  • Defined limitations of the system

8 Project Questions

• Objective review - Have these changed?
• What are the project factors?
• What are the events critical to the overall project?
• Is it still feasible?