Question: You work for a software development company. Your software development team is working on a complex program that involves integrating multiple systems. One potential risk

You work for a software development company. Your software development team is working on a complex program that involves integrating multiple systems. One potential risk is that a critical system may fail, which could cause delays and increase costs. Your job is to mitigate this possible risk, of a critical system failure and to evaluate the impact on the project's scope, timeline and budget. You may then be required to develop a contingency plan that includes regular testing of the integrated systems and a process for quickly identifying and resolving issues. Choose any company as you see fit to contextualise the foregoing scenario of project risk. QUESTION 3 (20 Marks) There are various techniques for identifying project risks that you are studied. Use the Problem Solving Approach technique to analyse your project risks prudently. 1. Creating a Problem Statement: 2. Identifying Potential Problem Causes: 3. Data Collection and Verification: 4. Identifying Potential Solutions: 5. Evaluating alternate Solutions: 6. Determining the Best Solution: 7. Project Plan Revision: 8. Implementing the Solution: 9. Problem Resolution

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!