RMMM in Software Project Mgt

RMMM in Software Project

About RMMM

RMMM stands for Risk Mitigation, Monitoring and Management. 
There are three issues in strategy for handling the Risk.

1.     Risk Mitigation,

2.     Risk Monitoring,

3.     Risk Management.

Risk Mitigation

Risk Mitigation means preventing the risks to occur (Risk Avoidance).  Following are the steps to be taken for mitigating the risks.

1.     Communicate with the concerned staff to find of probable risk.

2.     Find out and eliminate all those causes that can create risk before the Project starts.

3.     Develop a policy in an organization which will help to continue the project even though some staff leaves the organization.

4.     Everybody in the project team should be acquainted with the current development activity.

5.     Maintain the corresponding documents in timely manner.  This documentation should be strictly as per the standards set by the organization.

6.     Conduct timely reviews in order to speed up the work.

7.     For conducting every critical activity during software development, provide the additional staff if required.

Example : Critical Activity

Risk Monitoring

In Risk Monitoring process following things must be monitored by the project manager.

1.     The approach or the behavior of the team members as pressure of project varies.

2.     The degree in which the team performs with the spirit of “team-work”.

3.     The type of co-operation among the team members.

4.     The types of problems that are occurring.

5.     Availability of jobs within and outside the organization.

The project manager should monitor certain mitigation steps.  

Example :Project Manager Monitoring

Risk Management

Project manager performs this task when risk becomes a reality.   If project manager is successful in applying the project mitigation effectively then it becomes very much easy to mange the risks.

Example : Leaving the Organization