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RMMM

RMMM

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203 views2 pages

RMMM

RMMM

Uploaded by

seemakasture75
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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RMMM Plan :

A risk management technique is usually seen in the software Project


plan. This can be divided into Risk Mitigation, Monitoring, and
Management Plan (RMMM). In this plan, all works are done as part of
risk analysis. As part of the overall project plan project manager
generally uses this RMMM plan.
Risk Mitigation :
It is an activity used to avoid problems (Risk Avoidance).
Steps for mitigating the risks as follows.

 Finding out the risk.


 Removing causes that are the reason for risk creation.
 Controlling the corresponding documents from time to time.
 Conducting timely reviews to speed up the work.
Risk Monitoring :
It is an activity used for project tracking.
It has the following primary objectives as follows.

 To check if predicted risks occur or not.


 To ensure proper application of risk aversion steps defined for risk.
 To collect data for future risk analysis.
 To allocate what problems are caused by which risks throughout
the project.
Risk Management and planning :
It assumes that the mitigation activity failed and the risk is a reality. This
task is done by Project manager when risk becomes reality and causes
severe problems. If the project manager effectively uses project
mitigation to remove risks successfully then it is easier to manage the
risks. This shows that the response that will be taken for each risk by a
manager. The main objective of the risk management plan is the risk
register. This risk register describes and focuses on the predicted threats
to a software project.
Drawbacks of RMMM:

It incurs additional project costs.


It takes additional time.
For larger projects, implementing an RMMM may itself turn out to be
another tedious project.
RMMM does not guarantee a risk-free project, infact, risks may also
come up after the project is delivered.

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