CASE TOOL IN RISK MANAGEMENT

Presented By

Name : Karuna Kak

PRN :12030121030

Course : BCA (2012-15)

Division : A

Subject :Software Project Management

CASE TOOLS

• Computer-aided software engineering (CASE) is the

application of a set of tools and methods to

a software system with the desired end result of high-

quality, defect-free, and maintainable software products.

• It also refers to methods for the development

of information systems together with automated tools that

can be used in the software development process as well

as the risk in each of these phases.

• CASE tools are a class of software that automate many of

the activities involved in various life cycle phases.2

Riskit CASE Tool for Risk Management

• Riskit is a comprehensive risk management

method and a Computer-aided software

engineering (CASE) tool based on theoretical

principles with a comprehensive process

definition that supports risk managementactivities.

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The Riskit Process

Main characteristics of a Riskit process:

full operational definition of the process

risk management, scope, focus, authority and

procedures defined together

a specific step for identifying and defining the goals

of the project

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Risk Elements in Riskit

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• a characteristic that affects the probability of a negativeevent occurring.Risk factor

• a stochastic phenomenon that represents an occurrence ofa negative incident.Risk event

• represents the situation after the risk event has occurredand before any corrective action.Risk outcome

• a possible action as a response to risk event and resultingrisk outcome.Risk reaction

• the final impact of a risk event to the project. Consideringthe impact of reaction, it describes characteristics whichwere affected

Risk effect set

Steps in Riskit

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• the scope and frequency of RM are defined.

• all relevant stakeholders are recognized.

• output is the risk management mandate

Risk management mandate definition

• the stated goals of the project are reviewed and refined, and implicit goals andconstraints are defined explicitly.

• stakeholders’ associations with the goals are analyzed.

• output is explicit goal definitions

Goal review

• potential threats to the project are identified using multiple approaches.

• output is a list of “raw” risksRisk identification

• risks are classified and consolidated.

• risk scenarios for main risk events are completed.

• risk effects for all risk scenarios are estimated.

• probabilities and utility losses of risk scenarios are estimated. -

• output is a completed risk analysis graph for all analyzed risks and ranked riskscenarios

Risk analysis

• the most important risks are selected for risk control planning.

• risk controlling actions for those important risks are proposed.

• risk controlling actions are selected to be implemented.

• output is selected risk controlling actions

Risk control planning

• risk controlling actions are implemented.

• output is reduced risksRisk control

• the risk situation is monitored.

• output is risk status informationRisk monitoring