School Project about Software Project Management

1. U08784
RISK ANALYSIS
GROUP 5

2. Singapore Furniture Company also known
as SFC is a furniture business company. The
CEO decided to implement a web based
application that is similar to a e-commerce
website.
As the assigned project manager of this
project for SFC. After given direct approval
by our manager of Biz World Ltd. Next step,
is to proceed onto Risk Management.

3. It is a method that includes
identifying, monitoring and risk
management through prioritization
and assessment of risks that may
affect the project development. By
sorting out the probability and its
impact to the project, we can
determine the priorities on risks
that are to be dealt with
immediately without hesitation.

4. List of Risks identified:
 The use of new technology that may affect data communication.
 Software development time may not be sufficient.
 Technical issues with development software.
 Project size may be calculated wrongly.
 Software quality may not be as expected.
 Customer Requirement may change.
 Inexperienced development team.
 Lack of staff commitment to productivity.
 Customer may not be interested in the product.
 Project funding may stopped.

5. 1. The use of new technology that
may affect data communication
2. Software Development time may
not be sufficient.

6. The use of new technology that
may affect data communication

7. With the use of Cloud networking. It
can automatically distribute all the
essential tools and data information to
the company through the internet
without the need of installing software
applications. The risks are: software or
hardware compatibility, performance
issues, network interruption and most
importantly data security.

8.  Data must be secured.
 Network traffic must be monitored.
 System must be backward compatible.
 List of Alternative Internet Service Providers(ISP)
 Assign a CERT(Computer Emergency Response Team)
 Development team must include a security specialist.
 System must be through multiple test phases and situations.
 System must be updated frequently to prevent and fix issues from
occurring.

9.  Security procedures must be practiced.
 It must uphold software standards.
 System must be error-free especially when it affects the
system framework.
 Monitor the system performance to avoid potential network
issues in the future.

10.  Security Breached
The data must be secured and stopped to prevent any more data
exposure. Assigning a CERT(Computer Emergency Response
Team) is recommended.
 Network Disruption
The use of alternative internet service provider or usage of new
network hardware.
 Software Compatibility
The team must identify/track the source of the problem and provide
a resolution.

11. The estimated cost to resolve the problem
is $20,000. The time delay can last at least
6 months with an additional work force
of 2 members.

12. Software development time
may not be sufficient

13. It is difficult to estimate an accurate development time
due to it being constantly updated with new functions
such as customer requirements, error fixes and visual
changes.

14.  There must an agreement and understanding between the
end users and the development team
 The development progress must be monitored more often.
 Limit the number of customer requirements.

15.  When team development progress does not meet the
specified work quota.
 Team must be aware of any errors they encounter.
 Ensure the system is up to its standards.
 Identify the number of customer requirement left over.

16.  Inform the team management of the issue.
 Reduce the number of customer requirements without
affecting software quality.
 Enlist additional human workforce when needed.
 Recalculate the additional cost, time and effort needed to
meet the project deadline.

17. The estimated cost to resolve the problem is $8000,
and additional time delay will last at least 1 month
with an additional work force of 2 members to the
development team.

18.  The total risk damage cost is $28,000 in total
(Combination of the first major risk and second major
risk $20,000 + $8000). The estimated time delay
would be 7 months all together with an additional
workforce of 4 team members in total.

19. U08784 RISK ANALYSIS
GROUP # 5

20. Title: Software Engineering A Practitioner’s Approach Sixth Edition
Author: Roger S. Pressman
Year: 2005
Images
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 http://www.core.org.cn/NR/rdonlyres/Architecture/4-296Spring-2005/16F387EC-30AD-
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 http://www.secondtimearoundrefinishing.com/images/furniture-building.jpg
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