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Managing Risk: Methods for Software Systems Development (Sei Series in Software Engineering)
 
 
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Managing Risk: Methods for Software Systems Development (Sei Series in Software Engineering) [Hardcover]

Elaine M. Hall Ph.D.

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Elaine M. Hall
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"The increasing rate of technological change we are experiencing in our lifetime yields competitive advantage to organizations and individuals who are willing to embrace risk and the opportunities it presents. Those who choose to minimize or avoid risk, as opposed to managing it, set a course for obsolescence. Hall has captured the essence of risk management and given us a practical guide for the application of useful principles in software-intensive product development. This is must reading for public and private sector managers who want to succeed as we begin the next century."

- Daniel P. Czelusniak, Director, Acquisition Program Integration Office of the Under Secretary of Defense (Acquisition and Technology) The Pentagon

"Since it is more than just common sense, the newcomer to risk management needs an intelligent guide. It is in this role that Elaine Hall's book excels. This book provides a set of practical and well-delineated processes for implementation of the discipline."

- Tom DeMarco, from the Foreword

Risk is inherent in the development of any large software system. A common approach to risk in software development is to ignore it and hope that no serious problems occur. Leading software companies use quantitative risk management methods as a more useful approach to achieve success.

Written for busy professionals charged with delivering high-quality products on time and within budget, Managing Risk is a comprehensive guide that describes a success formula for managing software risk. The book is divided into five parts that describe a risk management road map designed to take you from crisis to control of your software project.

Highlights include:

  • Six disciplines for managing product development.
  • Steps to predictable risk-management process results.
  • How to establish the infrastructure for a risk-aware culture.
  • Methods for the implementation of a risk management plan.
  • Case studies of people in crisis and in control.
  • From the Back Cover

    "The increasing rate of technological change we are experiencing in our lifetime yields competitive advantage to organizations and individuals who are willing to embrace risk and the opportunities it presents. Those who choose to minimize or avoid risk, as opposed to managing it, set a course for obsolescence. Hall has captured the essence of risk management and given us a practical guide for the application of useful principles in software-intensive product development. This is must reading for public and private sector managers who want to succeed as we begin the next century."

    - Daniel P. Czelusniak, Director, Acquisition Program Integration Office of the Under Secretary of Defense (Acquisition and Technology) The Pentagon

    "Since it is more than just common sense, the newcomer to risk management needs an intelligent guide. It is in this role that Elaine Hall's book excels. This book provides a set of practical and well-delineated processes for implementation of the discipline."

    - Tom DeMarco, from the Foreword

    Risk is inherent in the development of any large software system. A common approach to risk in software development is to ignore it and hope that no serious problems occur. Leading software companies use quantitative risk management methods as a more useful approach to achieve success.

    Written for busy professionals charged with delivering high-quality products on time and within budget, Managing Risk is a comprehensive guide that describes a success formula for managing software risk. The book is divided into five parts that describe a risk management road map designed to take you from crisis to control of your software project.

    Highlights include:

  • Six disciplines for managing product development.
  • Steps to predictable risk-management process results.
  • How to establish the infrastructure for a risk-aware culture.
  • Methods for the implementation of a risk management plan.
  • Case studies of people in crisis and in control.

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    Most Helpful Customer Reviews on Amazon.com (beta)
    Amazon.com:  8 reviews
    12 of 12 people found the following review helpful
    Necessary for CMM 4 & 5, excellent general approach 29 Jun 2001
    By Mike Tarrani - Published on Amazon.com
    Format:Hardcover|Amazon Verified Purchase
    Shows how to establish and manage a comprehensive risk management program. The basis of Ms. Hall's approach is called "P2I2", which stands for Process, People, Infrastructure and Implementation. Within these processes are subprocesses and tasks that, as a whole, will result in a risk management posture that is seamlessly integrated into a development project. Although this book is about managing software development project risks, the approach can be applied to any type of project, and can also be tailored to work in an operational or production environment. For example, implementation plans and change control in the operational environment require a risk management strategy, and the methods provided in this book will fill the void with no modification of the basic P2I2 approach.

    The process portion of P2I2 consists of 5-steps for managing risks: identify, analyze, plan, track and resolve. For those who manage projects in accordance with the Project Management Institute's Project Management Body of Knowledge (PMBOK) processes, the P2I2 on the surface appears different from the 6 steps set forth in the PMBOK. The key difference between the two is the PMBOK's risk management approach groups 5 processes into project planning and 1 into project control, while the P2I2 approach takes a more holistic view and incorporates risk management across the entire project life cycle. If you are striving for or working within the Capability Maturity Model at level 3 or above, then this book is essential and perfectly aligns. The book devotes a chapter to each of the processes, which clearly identifies the what's and how's of each. Note that the book does not cover advanced risk management techniques, such as probability curves - you will need to obtain this information elsewhere. It does give qualitative techniques, and gives quantitative methods to assess ROI for the risk management initiative itself, as well as other metrics to prove its effectiveness or lack thereof.

    Implementing the risk management infrastructure is covered in great detail and is a roadmap for making risk management an integral part of your project. It starts with developing a policy, defining standard processes to be employed, training your team and compliance verification and continuous improvement methods. This material spans five chapters, which sets the foundation for the next five chapters that address implementation of the program itself. These chapters cover establishing the initiative, developing the plan, tailoring the process to your environment, and assessing and controlling risks. The last two are excellent primers on their topics.

    The remaining five chapters are devoted to the people part of P2I2, and are broken down into stages, each discussed in its own chapter. The stages are: problem, mitigation, prevention, anticipation and opportunity. Each is thoroughly discussed and taken together these last chapters clearly show roles, issues and factors, and how human resources are integrated into a coherent and holistic risk management initiative.

    This book is clearly written and well illustrated. The approach is not only practical, it's essential to ensuring the success of any specific project or extended to encompass a development organization. Moreover, it is also essential for any organization that wants to attain CMM level 4 or 5.

    15 of 18 people found the following review helpful
    An exemplary work on managing software development risks! 24 Aug 1998
    By A Customer - Published on Amazon.com
    Format:Hardcover
    If you're a software development manager, project manager, or technical lead then you'll want to incorporate this risk management discipline into your activities. The author writes with incredible cogency, fitting the pieces together so wonderfully that I'm intellectually stimulated just reading the text. Hall has revealed my heretofore short-sightedness concerning risk. I am indebted to her for a fine work that I believe is certain to enable me to spearhead more successful software development projects.
    1 of 1 people found the following review helpful
    Buy it only if you have to 6 Dec 2007
    By John Wegter - Published on Amazon.com
    Format:Hardcover|Amazon Verified Purchase
    If you are contemplating purchasing this book, it must be because it's required reading in a class (as it was for me). I cannot imagine anyone purchasing it for any other reason. It seems inconceivable that a book so poorly written could make it past the editors. The author seems to have no concept of appropriate verb tenses, switching between present, past, and conditional repeatedly within paragraphs, adding to the confusion of trying to understand what in the world she's talking about. The vocabulary is extremely technical, and the author seems to operate with the concept of never using simple terms when you can use complicated ones.

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