Different methods exist to manage risks. You can use an Iskikawa diagrams and root cause analysis in a prospective way, as well as PERT chart.
But I will talk about another way to manage risks based on a graph, inspired by Mintzberg, that prioritizes tasks by order of importance and urgency. This way, you get a cartography of risks based on their probability and their criticality.
Draw the graph
After having listed all the problem that can happen, during a brainstorming session for example, you have to order them in a table that has probability in the X axis (weak, medium and strong) and criticality in the Y axis (weak, medium and high).
According to their position in the table, the project manager has to implement actions : risk to handle, risk to follow, insignificant risk. This tool allows to prioritize actions in the field of risk management. Later on, you have to define an action plan including preventive actions you can take to lower the probability that something wrong will happen. Finally, you should also add curative actions to you plan in case something goes wrong.
And you, how do you handle risk in the software development aera ? Feel free to share your experience in the comment section.
–Geoffrey
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