Project Risk Management
IT and business project risk management is a subset of the broader processes of business risk management. However in the past, the process of project risk assessment in business and IT projects has tended to be intuitive and hidden.
As shown in Figure 12.3, whenever a software or business guru is asked to estimate how long a project will take, he or she undertakes a most amazing process.In essence, the expert intuitively assesses factors that he or she has learned from bitter experience will influence the length of the project, assesses the impact of those factors depending on the specific tasks, adjusts the estimates by the relative weights of the factors, assesses the probability of the factors actually occurring, and ...
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