Top 10 Risks in Software Projects with Risk Management Techniques. - Project Management Approach

1. Top 10 Risks in Software Projects Project Management Approach

Watch Detailed Video with Explanation

1. 
   
2. 1. Personnel Short Falls 
1. Talent Retention 
2. Proper Staffing 
3. Cross Training 
4. Right Person on Right Job Organizational Agreements 
5. Training (Cross Functional) Team Building Risk Management Technique
3. 
   
4. 2. Un-Realistic Estimates (Schedule and Budget) Detailed Scheduled Estimation 
1. Detailed Cost Estimation 
2. Incremental Development 
3. Software Reuse (Code/products) 
4. Time and Material Agreement. 
5. Requirement Scrubbing 
6. Qualified Resources Risk Management Technique
5. 
   
6. 3. Wrong Function and Properties Development 
1. Detailed Requirement Analysis 
2. User Interviews and Surveys 
3. Prototype 
4. Spiral/ Agile Development 
5. Performance Analysis 
6. Quality Factor Analysis 
7. Early User Manual Release 
8. Parallel Run Aggressive User Testing Risk Management Technique
7. 
   
8. 4. Gold Plating (Making Out of Scope Changes) 
1. Requirement Scrubbing 
2. Strong Change Management 
3. Cost-Benefits analysis 
4. Prototyping 
5. Detailed Scope Analysis and baseline. 
6. Define and Agree Project Boundaries Risk Management Technique
9. 
   
10. 5. Continuous Requirement Changes 
1. Strong Change Management 
2. Incremental Development 
3. Requirement Freeze 
4. Scope Baseline 
5. Associate to Cost part Information Hiding during development Risk Management Technique
11. 
    
12. 6. Short Falls in 3rd Party Tool 
1. Benchmarking Inspection 
2. Tools comparative Analysis 
3. Reference Checking 
4. Compatibility Analysis 
5. Functional Analysis of tool 
6. Requirement Mapping Risk Management Technique
13. 
    
14. 7. Short Falls in 3rd Party Tasks Reference Check 
1. Pre-Award audits 
2. Penalty Clause in contract 
3. Protype Analysis 
4. Team Building Mechanism 
5. Resource retention policy 
6. Market Reputation Risk Management Technique
15. 
    
16. 8. Short Falls in Real-Time Performance 
1. Simulation 
2. Prototype 
3. Benchmarking 
4. Load Testing and Benchmarking 
5. Parallel Running 
6. Create War room with Experts 
7. ReTuning Estimation Consideration Risk Management Technique
17. 
    
18. 9. Hardware Capabilities 
1. Simulation 
2. Prototype 
3. Benchmarking 
4. Load Testing and Benchmarking 
5. Technical Analysis 
6. Cost Benefit Analysis 
7. Referencing Check Risk Management Technique
19. 
    
20. 10. Cross Culture Teams (Onsite/Off Shore) 
1. Team Building Activities 
2. Cross Cultures Analysis 
3. Time Gap Management 
4. Weekly / Daily Remote meetings 
5. Progress Dashboard 
6. Clear Demarcation of Responsibilities Risk Management Technique

FULL SLIDE PRESENTATION