Software Risks in Software Engineering

Overview

• Introduction to software risks in software engineering.
• Mention of a new YouTube channel about study abroad content.

Definition of Risks

• Risks are uncertainties that may lead to significant losses in software.
• Risks refer to unexpected events that can negatively impact software projects.

Strategies for Managing Risks

1. Reactive Risk Strategy

• Definition: Corrective measures are taken only after a risk has occurred.
• Characteristics:
  • No preventive measures taken beforehand.
  • Corrective actions occur only post-risk occurrence.
  • Considered an older approach to risk management.
  • Ignoring risks can endanger the project.

2. Proactive Risk Strategy

• Definition: Actions are taken before risks occur.
• Characteristics:
  • Identify risks early on.
  • Assess the impact of risks on software (critical, moderate, etc.).
  • Prioritize risks based on their potential impact.
  • Manage high-priority risks first.

Types of Software Risks

1. Project Risk:
   • Associated with budget, staff requirements, and schedules.
2. Technical Risk:
   • Involves implementation risks, including those arising during interface establishment.
3. Business Risk:
   • Market Risk: Lack of customers for the product.
   • Strategic Risk: Failure to follow company policies.
   • Management Risk: Risks related to key personnel changes.
   • Sales Risk: Uncertainty about how to sell or advertise the product.
   • Budget Risk: Issues with budget constraints or losses.
4. Known Risk:
   • Risks that are certain to occur based on prior knowledge.
5. Predictable Risk:
   • Risks that can be anticipated during project execution.
6. Unpredictable Risk:
   • Unexpected risks that cannot be foreseen.

Risk Management

• Definition: The process of making decisions to reduce risks in software.
• Activities in Risk Management include:
  1. Risk Identification
  2. Risk Projection
  3. Risk Refinement
  4. Risk Mitigation, Monitoring, and Management (RMM)

Conclusion

• Upcoming videos will cover risk identification, projection, and refinement, as well as mitigation, monitoring, and management in detail.
• Viewers are encouraged to ask questions in the comment section for clarification.