The Incremental model was chosen because the project involves a commercial product. Commercial products often result in multiple versions and each increment in the Incremental lifecycle should represent a version of the Big Bucks software. The Prototype model was chosen because the project team is unfamiliar with the Windows95 user interface. A prototype should be developed for each spiral in the Spiral lifecycle to avoid poor usability design. The purpose of risk management is to identify, address, and remove sources of risk before they cause loss.
Risk management involves risk assessment and risk control.
Practical exercises consisted of risk identification, analysis, and prioritization for the Big Bucks project. Risks included no domain experience, incomplete GUI translator, new OO technology, new operating system, and competitive schedule. Risk exposure is highest in the areas of no domain experience and incomplete GUI translator. The probability of an unsatisfactory outcome resulting from no domain experience is medium. Although the project team is unfamiliar with the problem domain, members can consult with the original team.