Assignment On Risk Management Process Essay

792 Words Sep 6th, 2014 4 Pages
Introduction
1. The software processes are defined in ISO12207. This assignment dwells on risk management, which is one of the 6 process defined in that framework. To judge the process, capability level is used to determine the process effectiveness under the framework ISO15504.For the evaluation, the work products are used to support the process. The following discussion will be based on what work products are needed for risk management process to reach Capability Level 2 in the framework ISO15504.

Basic performance
This section refers to the work products that are assessed under capability level 1 of the framework in risk management process.
Purpose

The purpose of the Risk management process is to identify, analyse, treat and monitor potential problems continuously before they occur. So that risk-handling activities may be planned and invoked as needed across the life of the product or project to mitigate adverse impacts on achieving objectives by addressing risk throughout the life cycle of a system or software product or service. It can be applied to risks related to the acquisition, development, maintenance or operation of a system. Risk management can be divided into three parts: defining a risk management strategy; identifying and analysing risks; and handling identified risks, including the implementation of risk mitigation plans when needed.

Outcomes

As a result of successful implementation of the Risk management process:

Objective 1: Determine the scope…

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