Question

Research and develop well thought-out responses to the following questions:

What is risk management? (more than a simple one-paragraph definition)
How is risk management appropriately applied to the systems development life cycle (SDLC)?
When is risk management most appropriately integrated into the SDLC?
Identify three (3) risks that a systems analyst should be aware of or on the lookout for during the SDLC.
Provide a recommendation for each of the three risks that you have identified, in step 4, designed to mitigate that risk effecting the organization’s SDLC.

Answer 1

Risk management involves identifying and addressing potential issues within the SDLC to ensure project success. It should be integrated from the early stages and continue throughout. Three key risks include scope creep, technical challenges, and resource constraints, each with specific strategies to mitigate them.

Step-by-step explanation:

Risk management is a systematic process of identifying, analyzing, and responding to project risks. It involves minimizing the probability and impact of adverse events to the project's goals. Appropriate application of risk management within the Systems Development Life Cycle (SDLC) ensures that potential issues are addressed at an early stage, reducing negative outcomes and promoting project success.

Integrating risk management early and throughout the SDLC is vital, starting from the planning phase and continuing through implementation and maintenance. Uncontrolled changes or continuous growth in a project's scope. Recommendation: Implement a change management process to evaluate the impact of scope changes.