Q9Software Testing and Project Management
Question
2 marks
Define Risk Management.
Answer
Risk Management is the proactive mathematical process of identifying, quantifying, and mitigating catastrophic threats to a software project.
Risk Management is an aggressive, proactive architectural discipline. It involves mathematically identifying potential catastrophic failures (e.g., core developer leaving, server crash), calculating their strict statistical probability and financial impact, and engineering pre-emptive mitigation strategies to completely neutralize the threats before they manifest.