Lecture Notes #27: Software Risk Management



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EECS816: Object-Oriented Software Development Slide 2 Lecture Notes #27: Software Risk Management Software risks: What can go wrong? What is the likelihood? What will be the damage? What can be done about it? Risk analysis and management are a set of activities that help a software team to understand and manage uncertainty about a project.

EECS816: Object-Oriented Software Development Slide 3 Risk: Definition and Attributes Risk is the uncertainty associated with the outcome of a future event and has a number of attributes: Uncertainty (probability) Time (future event) Potential for loss (or gain) Multiple perspectives, e.g., Process perspective (development process breaks) Project perspective (critical objectives are missed) Product perspective (loss of code integrity) User perspective (loss of functionality)

EECS816: Object-Oriented Software Development Slide 4 A Risk vs a Problem A problem is a condition that exists and is undesirable. Thus it is a value judgment made upon the merits of the current condition. A risk suggests a possible, future undesirable condition (or consequence). Thus it is a value judgment made upon the potential implications of the current conditions. Risks that are not identified (or identified but not prevented) will later become problems Note: risks are not always problems; they can be beneficial

EECS816: Object-Oriented Software Development Slide 5 Risk Management The process by which a course of action is selected that balances the potential impact of a risk weighted by its probability of occurrence and the benefits of avoiding (or controlling) the risk Risk management life cycle: Identify(risk identification) Analyze(risk analysis) Plan(contingency planning) Track(risk monitoring) Control (recovery management) Risk management: Reactive vs Proactive

EECS816: Object-Oriented Software Development Slide 6 Reactive Risk Management Project team reacts to risk when they occur Fix on failure: resources are found and applied when the risks strike Crisis management: failure does not respond to applied resources and the project is in jeopardy

EECS816: Object-Oriented Software Development Slide 7 Proactive Risk Management Formal risk analysis is performed An attempt is made to correct the root causes statistical SQA developing skills to manage changes examining risks sources beyond the bounds of the software

EECS816: Object-Oriented Software Development Slide 8 Risk Projection Estimate the probability of occurrence Estimate the impact on the project on a particular scale, e.g., 1 low impact (negligible) 2 medium impact (marginal) 3 high impact (critical) 4 very high impact (catastrophic) Build a risk table and sort by probability and impact

EECS816: Object-Oriented Software Development Slide 9 Building A Risk Table: Example Risk Probability Impact RM Plan Size estimate may be too low 70% 3... Less reuse than planned 60% 3......... Funding will be lost 30% 4... More users than planned 5% 1...

EECS816: Object-Oriented Software Development Slide 10 RMMM: Risk Mitigation, Monitoring, and Management Mitigation: how can we avoid the risk? Monitoring: what factors can we track that will enable us to determine if the risk is becoming more or less likely? Management: what contingency plans do we have if the risk becomes a reality?

EECS816: Object-Oriented Software Development Slide 11 Some Common Root Causes of Risk Unforeseen events (e.g., funding terminated; project leader resigns) Imprecise estimates (size estimates too low) Erroneous assumptions (can reuse earlier artifacts) Unrecognized dependencies Technology

EECS816: Object-Oriented Software Development Slide 12 Risk Top Ten List (Caper Jones, 1994) Inaccurate metrics Inadequate measurement Excessive schedule pressure Management malpractice Inaccurate cost estimating Silver bullet syndrome Creeping user requirements Low productivity Canceled projects

EECS816: Object-Oriented Software Development Slide 13 Pressman s Risk List Project risks: threaten the project plan (e.g, cost overrun) Technical risks: threaten the quality and timeliness of the product (e.g., specification ambiguity) Business Risks: threaten the viability of the product (e.g., product not aligned with business strategy or losing upper management support, or losing budget)

EECS816: Object-Oriented Software Development Slide 14 Risk Identification A systematic process that prepares a list of potential threats to the software project. It uses: Organizational/project checklist Individual concerns Past experiences What-if? questions Indicators from the current situation

EECS816: Object-Oriented Software Development Slide 15 Documenting Risks Use a risk Identification Form Fields may include: ID Description Category Probability Potential consequences Indicator Avoidance approach Related risks Action items

EECS816: Object-Oriented Software Development Slide 16 Risk Impact Assessment Determine the probability for each risk Determine the impact (e.g, critical? marginal? negligible?) Build the risk table Compute the risk exposure for each risk: RE = P C where: P is the probability of occurrence for a risk C is the cost to the project The total risk exposure for all risks provides a means to adjust the final costs estimates for a project and/or to predict the probable increase in (staff) resources required at various points

EECS816: Object-Oriented Software Development Slide 17 Risk Impact Assessment: An Example Risk identification: Only 60% of the software components planned for reuse will be integrated into the new software. The remaining functionality must be developed. Risk probability: 85% (likely) Risk impact: 180 reusable components were planned. If only 60% can be used, 72 components have to be developed from scratch (in addition to other components). Since the average size of a component is 80 LOC and the average cost for a LOC is $85.00, the overall cost (impact) will be: $489,600.00. Risk exposure: RE =.85 $489, 600.00 = $416, 160.00

EECS816: Object-Oriented Software Development Slide 18 Lecture #28: Software Engineering Ethics Credentials Treatment of intellectual property Performance of technical responsibilities Treatment of others Professional development

EECS816: Object-Oriented Software Development Slide 19 Common Situations You May Encounter Misrepresentation of abilities and experience Releasing programs that have not been well tested Using code written for another organization Misleading claims Violating contracts (or promises) with clients Falsifying time card or expense report related to a project

EECS816: Object-Oriented Software Development Slide 20 IEEE-CS/ACM SE Code of Ethics and Professional Practice 1 PUBLIC Software engineers shall act consistently with the public interest. 2 CLIENT AND EMPLOYER Software engineers shall act in a manner that is in the best interests of their client and employer and that is consistent with the public interest. 3PRODUCT Software engineers shall ensure that their products and related modifications meet the highest professional standards possible. 4JUDGMENT Software engineers shall maintain integrity and independence in their professional judgment.

EECS816: Object-Oriented Software Development Slide 21 IEEE-CS/ACM SE Code of Ethics and Professional Practice (continued) 5 MANAGEMENT Software engineering managers and leaders shall subscribe to and promote an ethical approach to the management of software development and maintenance. 6 PROFESSION Software engineers shall advance the integrity and reputation of the profession consistent with the public interest. 7 COLLEAGUES Software engineers shall be fair to and supportive of their colleagues. 8SELF Software engineers shall participate in lifelong learning regarding the practice of their profession and promote an ethical approach to the practice of the profession.