Risk Reviews

 

A Risk Review that highlights possible problems for quick win process improvements

  • Identifies risks and their characteristics and potential impact on the business process
  • Assesses the current status of risk review in an organisation
  • Identifies and prioritises quick win areas that can be quickly introduced
  • Proposes longer term initiatives for sustained risk reduction improvements
  • Examines all aspects of the project lifecycle to improve testing, reduce costs and risks and speed project delivery

 

 

 

 

Analysis of problem areas that pose a risk to the efficient delivery of business critical systems can be difficult and time consuming to undertake. In many instances the experience and knowledge to undertake this is not available in-house. These skills are normally too expensive to retain and utilise within an in-house project team.

An SQS-UK Risk Review provides this level of experience and knowledge to be deployed as and when required. It will identify the most important risks and those that can be most easily rectified.

SQS-UK Risk Reviews identify and score the risks, create a risk profile with their characteristics and assesses the potential impact on the business. The more structured a project is the less risk there will be. Projects employing project management or development lifecycle tools or programmes will be significantly less at risk than those that do not. Project size is directly proportional to the risks found. The more complex the project in terms of people deployed, cost involved, number of functional areas involved, the greater the risk.

Conversely, the more experience the project team has on development and the more familiar they are with hardware, the operating system, database, network and development language the less risk there is.

Risk items assessed include:

  • Functionality
    • Which is most important?
    • Which has the largest financial impact?
    • Which is most visible to customers?
  • Aspects
    • Which can be tested earliest?
    • Which aspects of similar projects have been known to fail?
    • Which aspects cover multiple functionality and affect other projects or processes?
  • Parts
    • Which parts have been most rushed?
    • Which are most complex?
    • Which parts of requirements are vague or unclear?
  • Kinds
    • Which kinds of tests cover most functionality and have best high-risk coverage in least time?
    • Which kinds of problems affect customers most and cause worst publicity?
    • Which kinds of code are most complex and therefore most prone to errors?
  • Criticality
    • What is most critical to business process?
    • What is used most in the application?
    • What is important but developed outside of the project by third party vendors?
    • What has dependency on this project?
    • What has failed in the past?

 

 

 

 

 

 

 

 

 

 

 

 

 

The experienced SQS-UK team of consultants and managers weighs all of these factors and prepare and present a Risk Review designed to reduce and mitigate the risks found in the most appropriate and cost effective manner.

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