1. What is Risk?

• Risk is the probability that a hazard will turn into a disaster. Vulnerability and hazards are not dangerous, taken
  separately. But if they come together, they become a risk or, in other words, the probability that a disaster will
  happen.

2. Identify at least 5 software risk. Discuss each.

• technology risk

• software risk

• hardware risk

• people risk

• cost risk

3. Identify risk management strategies.

• identify ways to reduce those risks
• assess the vulnerability of critical assets to specific threats
• determine the risk (i.e. the expected consequences of specific types of attacks on specific assets)
• identify, characterize, and assess threats
• prioritize risk reduction measures based on a strategy

4. You are asked by your manager to deliver software to a schedule which you know can only be met by asking your project team to work unpaid overtime. All team members have young children. Discuss whether you sould accept this demand from your manager or whether you should persuade your team to give their time to the organisation rather that thier families. What factors might be significant in your decision?

5 . As an IT student that has been trained for Java Programming, you are offered a home based job as a project manager for a certain software project, but you feel that you can make more effective contribution in a technical specifically doing progamming module using Java for the project rathee than a managerial role. Discuss whether you should accept the job.

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