"The increasing rate of technological change we are experiencing in our lifetime yields competitive advantage to organizations and individuals who are willing to embrace risk and the opportunities it presents. Those who choose to minimize or avoid risk, as opposed to managing it, set a course for obsolescence. Hall has captured the essence of risk management and given us a practical guide for the application of useful principles in software-intensive product development. This is must reading for public and private sector managers who want to succeed as we begin the next century."
- Daniel P. Czelusniak, Director, Acquisition Program Integration Office of the Under Secretary of Defense (Acquisition and Technology) The Pentagon
"Since it is more than just common sense, the newcomer to risk management needs an intelligent guide. It is in this role that Elaine Hall's book excels. This book provides a set of practical and well-delineated processes for implementation of the discipline."
- Tom DeMarco, from the Foreword
Risk is inherent in the development of any large software system. A common approach to risk in software development is to ignore it and hope that no serious problems occur. Leading software companies use quantitative risk management methods as a more useful approach to achieve success.
Written for busy professionals charged with delivering high-quality products on time and within budget, Managing Risk is a comprehensive guide that describes a success formula for managing software risk. The book is divided into five parts that describe a risk management road map designed to take you from crisis to control of your software project.
Six disciplines for managing product development.
Steps to predictable risk-management process results.
How to establish the infrastructure for a risk-aware culture.
Methods for the implementation of a risk management plan.
Case studies of people in crisis and in control.
Elaine M. Hall Ph.D.
Most Helpful Customer Reviews
Shows how to establish and manage a comprehensive risk management program. The basis of Ms. Hall's approach is called "P2I2", which stands for Process, People, Infrastructure and Implementation. Within these processes are subprocesses and tasks that, as a whole, will result in a risk management posture that is seamlessly integrated into a development project. Although this book is about managing software development project risks, the approach can be applied to any type of project, and can also be tailored to work in an operational or production environment. For example, implementation plans and change control in the operational environment require a risk management strategy, and the methods provided in this book will fill the void with no modification of the basic P2I2 approach. The process portion of P2I2 consists of 5-steps for managing risks: identify, analyze, plan, track and resolve. For those who manage projects in accordance with the Project Management...
This book introduces three methods to promote understanding of software risk management: the 6-D Model, the P2I2 Success Formula, and the Risk Management Map. The 6-D Model extends the Deming Plan-Do-Check-Act cycle by adding the ability to reveal risk and opportunity. The P2I2 is a cause-effect diagram that relates the factors influencing risk management capability, by distributing the task of managing risk according to four major factors: people, process, infrastructure and implementation. Using this divide-and-conquer approach, parallel efforts can speed the adoption of risk management within an organization. The Risk Management Map synchronizes these efforts by proving direction through five evolutionary stages: problem, mitigation, prevention, anticipation, and opportunity.
This book assumes that you already have risk management experience. It shouldn't be your first reading on risk management.
If you are contemplating purchasing this book, it must be because it's required reading in a class (as it was for me). I cannot imagine anyone purchasing it for any other reason. It seems inconceivable that a book so poorly written could make it past the editors. The author seems to have no concept of appropriate verb tenses, switching between present, past, and conditional repeatedly within paragraphs, adding to the confusion of trying to understand what in the world she's talking about. The vocabulary is extremely technical, and the author seems to operate with the concept of never using simple terms when you can use complicated ones.
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