Employ early prototyping and frequent functional system builds to determine if the steps you took to resolve the risks were successful. It is important to continually monitor your risk control efforts and the appearance of new risks as a result of prior fixes. As the key to your risk monitoring efforts, insist that the program manager, the technical lead, and each developer are able to state their top three risks at any time. These are by their nature dynamic and will change. It focuses on ease of use by displaying important, fundamental risk data and provides a graphical display of risks by probability of exposure and has extensive reporting features.
Risk management is an excellent way to prepare for daily challenges.
A viable risk management plan can mean the difference between success and failure. It should, above all else, be flexible and encourage initiative. Remember to always look ahead, use rapid prototyping if necessary, follow a defined program to minimize and manage risks, use a good set of metrics, keep the customer in the loop, and always follow the fundamentals of sound application development. Following this risk management approach will not guarantee excellent software development, but over time it will certainly contribute to your success. Project managers and developers should collect and monitor metrics that give a picture of the project s progress.