“Risk Management is Project Management for Adults” - Tim Lister
The only way there is no Risk is when there are No Uncertainties, either reducible (Epistemic) or irreducible (Aleatory). All software development projects have uncertainties in one of these two forms.
Risk Management means Making Estimates of:
- Probability of occurrence of the risk
- Probability of impact of the risk
- Probability of effectiveness of the handling (Avoidance, Mitigation, Transference, Acceptance)
- Probability of residual risk after handing
#NoEstimates ≡ #NoRiskManagement ≡ #? (fill in with Tim's quote)
