POM L12 Flashcards Preview

POM > POM L12 > Flashcards

Flashcards in POM L12 Deck (12):
1

What is a risk ?

#…is the deviation of a result of a future event
from expectations
# … is uncertain whether it will materialize or
not
# …is a potential harm that may arise of such an
event
#…might accrue a the failure to attain some
benefit
#... depends on our decisions

2

Risk Management Framework ?

From RISK to Benefits : Identify Risk >>>> Control Risk >>>>> Reduce Risk

3

Methods to identify risk ?

brainstorming, checklists, expert
discussions, SWOT analysis (strengths, weaknesses,
opportunities, threats)

4

What are 5 risk management perspectives ?

DAMMS
Development, Attitude, Methods, Morphology, Skills

5

What are the managements common view ?

. Strategy
• Planning
• Organisation
• Leadership
• Control

6

Risk identification

-What might affect the objectives
-grouping the risk into categories
-assigning risk triggers

7

What are the 4 possible response types for mitigation ?

Avoidance-based: Try to avoid risk occurrence.
Control-based: Identify actions to control risk occurrence
Transfer-based: Delegate the risk (to subcontractors)
Investigation-based: Try to analyze risk further.

8

What are the reactions to renewed concept of uncertainty ?

#Scenario analysis
#Stress tests
#Mix of quantitive and qualitative views

9

What are the risk management skills (Risk management development layers)?

"DIRK"
1)Distance
2)Intuition (+quick - requires lots of experiences)
3)Rules (+transparent - conservative)
4)Knowledge (+understanding - slow)

10

What is a Tornado Model ?

It is a scenario based design, It is deriven from visionary scenario to demo scenario.

11

What is a scenario based Design ?

It starts with a problem based statement which is given by the client (includes Problem Description, Scenarios, Requirements, ...). At the end it is transferred from visionary to formalized scenario.

12

What are the 6 components of formalized scenario ?

#Scenario Name (Contains noun and verb)
#Flow of Events (User and system interaction),
#Entry Conditions ( conditions that have to be met before the Flow of Events can start.),
#Exit Conditions (conditions that have to be true at the end of the Flow of Events.),
#Quality Requirements, Actors (concrete user of the system)