What is Risk Analysis in SDLC?
Risk Analysis is one of the important concepts in Software
Product Life Cycle. Risk analysis is broadly defined to include risk
assessment, risk characterization, risk communication, risk management, and
policy relating to risk.Risk Assessment is also known as Security risk
Risk Analysis: A risk analysis involves
identifying the most probable threats to an organization and analyzing the
related vulnerabilities of the organization to these threats.
Risk Assessment: A risk assessment involves
evaluating existing physical and environmental security and controls, and
assessing their adequacy relative to the potential threats of the organization.
Business Impact Analysis: A business impact
analysis involves identifying the critical business functions within the
organization and determining the impact of not performing the business function
beyond the maximum acceptable outage. Types of criteria that can be used to
evaluate the impact include: customer service, internal operations,
legal/statutory and financial.
Business Impact Risks:
The following risk item issues identify some generic risks
associated with business impact:
1.Affect of this product on company revenue?
2.Reasonableness of delivery deadline?
3.Number of customers who will use this product and the
consistency of their needs relative to the product?
4.Number of other products/systems with which this product must
5.Amount and quality of product documentation that must be
produced and delivered to the customer?
6.Costs associated with late delivery or a defective product?
Different Customers have different needs. Customers have
different personalities. Some customers accept what is delivered and some
others complain about the quality of the product. In some other cases,
customers may have very good association with the product and the producer and
some other customers may not know. A bad customer represents a significant
threat to the project plan and a substantial risk for the project manager.
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