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
