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CHAPTER 6 RISK ANALYSIS AND MANAGEMENT 161

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PROBLEMS AND POINTS TO PONDER

6.1. Provide five examples from other fields that illustrate the problems associated
with a reactive risk strategy.

6.2. Describe the difference between “known risks” and “predictable risks.”
6.3. Add three additional questions or topics to each of the risk item checklists pre-
sented at the SEPA Web site.
6.4. You’ve been asked to build software to support a low-cost video editing sys-
tem. The system accepts videotape as input, stores the video on disk, and then allows
the user to do a wide range of edits to the digitized video. The result can then be out-
put to tape. Do a small amount of research on systems of this type and then make a
list of technology risks that you would face as you begin a project of this type.

6.5. You’re the project manager for a major software company. You’ve been asked
to lead a team that’s developing “next generation” word-processing software (see
Section 3.4.2 for a brief description). Create a risk table for the project.