Question

What is the purpose of risk management in software development projects?

a.

To identify and mitigate risks

b.

To increase profits

c.

To develop a project schedule

d.

To maximize the quality of the end product

Posted under Project Planning and Control Software Engineering

Answer: (a).To identify and mitigate risks Explanation:Even risks for which we hoped to have found an adequate solution, may turn into problems later on. Risk factors therefore have to be monitored, and contingency plans have to be developed. The early identification of risks and the development and carrying out of strategies to mitigate these risks is known as risk management.

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