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Sharanya OOSE Exp7

The document outlines a Risk Analysis and Management Plan for a Hackathon Team Making App, detailing the processes of risk management including identification, analysis, and mitigation strategies. It identifies specific risks such as server downtime and security breaches, along with corresponding mitigation measures. The conclusion emphasizes the importance of effective risk management to ensure the app's reliability and user experience.

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sharanyachaudhuri
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13 views5 pages

Sharanya OOSE Exp7

The document outlines a Risk Analysis and Management Plan for a Hackathon Team Making App, detailing the processes of risk management including identification, analysis, and mitigation strategies. It identifies specific risks such as server downtime and security breaches, along with corresponding mitigation measures. The conclusion emphasizes the importance of effective risk management to ensure the app's reliability and user experience.

Uploaded by

sharanyachaudhuri
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Risk Analysis and Management

Plan for Hackathon Team Making


App
Sharanya Chaudhuri
Roll No.: 16010422018
Experiment No.: 02
March 24, 2025

Aim: To Prepare Risk Analysis and Management Plan for Hackathon Team
Making App

Theory
Risk management is the identification, assessment, and prioritization of risks
followed by coordinated and economical application of resources to minimize,
monitor, and control the probability and/or impact of unfortunate events. The
goal of risk management is to increase the impact and probability of positive
risks and decrease them for negative risks.
Risk management includes six main processes:

• Risk Planning: Deciding how to execute risk management activities.

• Risk Identification: Identifying potential risks through checklists and


brainstorming.

• Risk Analysis: Assessing risks using the formula: Risk exposure = (po
tential impact) * (probability of occurrence).

• Risk Response Planning: Developing strategies to mitigate identified


risks.

• Risk Monitoring and Control: Implementing control plans to manage risks


over time.

1
Risk Assessment and Management Plan
Identified Risks and Risk Assessment

R9
Risk ID 30
Risk Exposure
R10
R1 32
56

R2
Risk Description Likelihood (1-10) Impact (1-10)
54

R3 Server Downtime 7 8 Team Matching Algorithm


50
Failure 6 9 Security Breach 5 10 Data Loss 4 9
R4
36
Incorrect Team Matching 5 8 Network
R5
40 Connectivity Issues 6 6 Delay in User

R6 Notifications 7 7 User Interface Issues 5 7


36

R7 Unreliable User Input 6 5 Unauthorized Access


49
48
R8
35

Risk Mitigation Plan


Risk 1: Server Downtime Ways to address: Implement load balancing,
maintain backup servers, and schedule regular maintenance. Risk 2: Team
Matching Algorithm Failure Ways to address: En sure robust algorithm
testing, integrate feedback from users, and continuously update the algorithm
based on user performance and preferences. Risk 3: Security Breach Ways
to address: Use end-to-end encryption, multi-factor authentication, and
conduct regular security audits. Risk 4: Data Loss Ways to address:
Implement automated data back ups, use cloud storage redundancy, and
ensure proper access control. Risk 5: Incorrect Team Matching Ways to
address: Use real-time validation for team assignments, provide users with
the option to review and modify team matchings.
2
Risk 6: Network Connectivity Issues Ways to address: Optimize data
transmission, provide offline booking options, and set up redundancy net
works.
Risk 7: Delay in User Notifications Ways to address: Optimize database
queries, enhance server performance, and use push notifications with
fallbacks for delayed messages.
Risk 8: User Interface Issues Ways to address: Conduct usability testing,
simplify design, and allow user feedback mechanisms. Risk 9: Unreliable
User Input Ways to address: Validate user inputs on both client-side and
server-side, provide real-time feedback, and use error checking mechanisms.
Risk 10: Unauthorized Access Ways to address: Implement role based
access control, regularly update credentials, and enforce strict authenti cation
policies.

Risk Monitoring and Control


Risk monitoring is performed periodically through risk review meetings,
system audits, and automated alerts to track and respond to risks in real-time.

Questions
1. Risk Management and Mitigation Model (RMMM) Plan The RMMM plan
is a structured approach to identifying, analyzing, and mitigating risks in
software projects. It includes risk assessment, prior itization, and the
development of strategies to minimize threats. This ensures project
stability by addressing uncertainties through proactive measures like
backups, security protocols, and contingency plans.

2. Importance of Risk Assessment in Software Project Manage ment


Risk assessment helps identify potential threats early, preventing costly
failures. It improves project planning, enhances system reliability, and
ensures efficient resource allocation. By analyzing likelihood and
impact, teams can develop mitigation strategies to maintain project
timelines and quality.

Outcomes
CO3: Demonstrate requirements, modeling, and design of a
system. 3

Conclusion
Effective risk management ensures the smooth operation of the Hackathon
Team Making App by identifying, analyzing, and mitigating potential risks.
This document provides a structured approach to risk assessment, mitigation,
and monitoring to enhance system reliability and user experience.
4

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