Risk Assessment & Mitigation Planning
DSA's method for Risk Assessment & Mitigation Planning is derived from the extensive work done at the Software Engineering Institute at Carnegie Melon University on Taxonomy-based Risk Assessment. This foundational method is High Value-adding as it creates a Framework of Risk Categories and Types and provides a method for understanding and managing the cascading effects of risks.
The Risk Mitigation & Planning Process
- Identify Risks by Type (within each risk category)
- Identify the Risk Trigger(s) - what will trigger the risk
- Identify all other risks which may be triggered by any given risk - the Taxonomy
- Quantify Probability
- Quantify Cost
- Weigh the Criticality of each Risk against its probability
- Establish Proactive Risk Mitigation Tactics for High Probability/High Criticality Risks
- Fold Risk Mitigation Tactics into your execution plan to enable tracking & reporting
