Information Technology Reference
In-Depth Information
Evaluating risks correctly and trading off risks with cost factors should be
employed to determine whether mitigating any particular risk is cost-effective. It
is impossible to mitigate all risks. So in cases when mitigating risks is not cost-
effective, a trade-off may work. For instance, detecting and fixing all critical defects
is impossible in a limited time frame. So a time limit must be applied for defect
detection and defect fixing. Within this time limit, if some defects could not be
caught, then they should be allowed to go into production. A solution for a work-
around for them can be devised. This will be more cost-effective.
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Checklist for Risk Management
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Does the software test risk plan address schedule estimation risk?
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Does the software test risk plan address budget estimation risk?
Does the software test risk plan address resource estimation risk?
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Does the software test risk plan address effectiveness risk?
Does the software test risk plan address communication risks?
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Does the software test risk plan address process risk?
Does the software test risk plan address cultural risks?
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Does the software test risk plan address technological risks?
Does the software test risk plan address size risk?
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Does the software test risk plan address shortage-of-skill risk?
