Risk Management

Mitigating Risks

Devise mitigating strategies to lower the likelihood of a risk or decrease its potential impact. Risk mitigation incurs additional resources and costs.
Technical risk: (middleware too slow to meet performance requirement)
Mitigation Strategy: Plan for performance evaluation prototype.
Managerial risk: (Subsystem delivery date is later than planned)
Mitigation Strategy: Ask manufacturer to provide intermediate status reports.
Communicating Risks: Timely reporting, review and monitoring of potential risks.