Browsing All Posts published on »December, 2010«

Risk from a Business Analysis Perspective

December 29, 2010 by

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The International Institute of Business Analysis was founded just a few years ago in 2003. In terms of professional associations it’s a new kid on the block.  Yet in a short time it’s made a profound impact on the discipline and profession of business analysis. One success factor of The IIBA for making a swift […]

Secondary Risk versus Residual Risk

December 28, 2010 by

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Synonymous term or a different term, that’s a common question we receive in our course delivery for secondary versus residual risks. Those two terms do sound quite a bit a like.  Are they? They’re similar concepts but are different! Secondary risk occurs once a risk event triggers and the appropriate management response strategy deployed.  The […]

Software Risk List

December 25, 2010 by

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Steve McConnell, famous Borland and Microsoft developer and author of the renowned “Code Complete (1993)” and “Rapid System Development (1996)”, captured the following risks for software development in his “Rapid System Development”, page 86.  Though this list is 15 years old, I still use it as a starting point (not much has changed, has it?). Feature […]

Risk Types from Auditing

December 22, 2010 by

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Don’t start from scratch.  Reuse and recycle.   Learn from others.  Those three quick statements for learning  apply to risk management.  Identifying potential risks, good and bad, can be a cumbersome process.  To hasten  the process, discover what risk are common for your industry, whether that’s construction, information technology, product development or public power.  Use those […]

Risk Management Approaches

December 2, 2010 by

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Weaving throughout the Business Analysis Body of Knowledge (BABOK), ISACA content & CobiT, Lean Six Sigma best practice and the Project Management Body of Knowledge (PMBOK) / PRINCE 2 is the concept of proactively managing risk.  Risk is based on a probability of an event occuring (positive and negative) and the impact should that even […]