RTUComputer ScienceYr 2023 · Sem 52023

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.

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