Risk categories - Evaluating Products, Processes & Resources

Q.  From the following give three major categories of risk,
1) Schedule risk
2) Project risk
3) Technical risk
4) Business risk
- Published on 22 Jul 15

a. 1,2 and 3
b. 2,3 and 4
c. 1,2 and 4
d. 1,3 and 4

ANSWER: 2,3 and 4

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    Discussion

  • Nirja Shah   -Posted on 26 Oct 15
    Types of risk

    Project risk
    - When the project risks arise in the software development process then it basically affects budget, schedule, staffing, resources and requirements.

    - When it becomes severe then the total cost of the project gets increased.

    Technical risk or product risk
    - This type of risk affects the quality or the performance of the project.

    - If product risk become reality then potential design, implementation, interface, verification and maintenance problems gets created.

    Business risk
    - When feasibility of the product is in suspect then this kind of risk occurs.

    - For example, if the product is built and if there is no potential market for that product then the business risk occurs or if there comes another competitive product of better quality and performance then business risk occurs.

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