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Managing Risk: Methods for Software Systems Development by Ph.D. Elaine M. Hall

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2 P2I2 Success Formula

Failure is often the first necessary step toward success. If we do nottake the risk of failing, we will not get the chance tosucceed. When we are trying, we are winning.

—Wynn Davis

What does it take to manage software risk? In 1992, I thought I knew the answer to that question. As the leader of a software risk management action team, my objectives, as stated in the process improvement plan, were clear: “Evaluate and enhance risk management practices from both a software and a programwide point of view, incorporate recommendations into command media, and develop training to comply with SEI CMM Level 3.” As a full-time member of the Software Engineering Process Group (SEPG), I was charged with improving the software process ...

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