Describe the strategies that you will use to respond to each risk that you have identified.

Technical Risks:

1. Negative Risk(Threat): Software Bugs

• Probability: Very High (90%)
• Impact: Very High (90%)
• Severity: Very High (90%)
• Nature: Threat

1. Positive Risk(opportunity): Coding efficiency

• Probability: Very Low (10%)
• Impact: Very Low (10%)
• Severity: Very Low (10%)
• Nature: Opportunity

Management Risks:

1. Negative Risk(opportunity): Miscommunication

• Probability: High (70%)
• Impact: High (70%)
• Severity: High (70%)
• Nature: Threat

1. Positive Risk (Opportunity): Improved management

• Probability: Low (30%)
• Impact: Low (30%)
• Severity: Low (30%)
• Nature: Opportunity

Financial Risks:

1. Negative Risk (Threat): The Project Timeline

• Probability: Medium (50%)
• Impact: High (70%)
• Severity: High (70%)
• Nature: Threat

1. Positive Risk (Opportunity): Vendor and contractor Improved communication

• Probability: Medium (50%)
• Impact: Medium (50%)
• Severity: Medium (50%)
• Nature: Opportunity

Operational Risks:

1. Negative Risk (Threat): Delays in the development of the software

• Probability: Medium (50%)
• Impact: Medium (50%)
• Severity: Medium (50%)
• Nature: Threat

1. Positive Risk (Opportunity): Team coordination Improved.

• Probability: Medium (50%)
• Impact: Low (30%)
• Severity: Low (30%)
• Nature: Opportunity

External Risks:

1. Negative Risk (Threat): Unpredicted Risks

• Probability: High (70%)
• Impact: Very High (90%)
• Severity: Very High (90%)
• Nature: Threat

1. Positive Risk (Opportunity): Competition failure

• Probability: High (70%)
• Impact: Very Low (10%)
• Severity: Low (30%)
• Nature: Opportunity