Risk identification techniques in Software Engineering - Cheat Sheet & Quick Revision

Recall & Review

beginner

What is the purpose of risk identification in project management?

Risk identification is the process of finding and listing potential problems or threats that could affect a project. It helps teams prepare and plan to reduce negative impacts.

beginner

Name two common techniques used for risk identification.

Two common techniques are brainstorming, where team members share ideas freely, and checklists, which use a list of known risks to review potential issues.

intermediate

How does SWOT analysis help in risk identification?

SWOT analysis looks at Strengths, Weaknesses, Opportunities, and Threats. It helps identify risks by focusing on Weaknesses and Threats that could harm the project.

intermediate

What role do expert interviews play in risk identification?

Expert interviews involve talking to experienced people to uncover risks that might not be obvious. Their knowledge helps find hidden or complex risks early.

beginner

Why is documentation review important in risk identification?

Reviewing project documents like plans and contracts helps spot inconsistencies or missing information that could lead to risks. It ensures nothing is overlooked.

Which technique involves gathering ideas from a group to identify risks?

A Expert interviews

B SWOT analysis

C Documentation review

D Brainstorming

Brainstorming encourages open sharing of ideas from team members to find possible risks.

What does SWOT stand for in risk identification?

A Strengths, Weaknesses, Opportunities, Threats

B Strategy, Work, Objectives, Timing

C Systems, Workflow, Operations, Testing

D Skills, Workload, Options, Targets

SWOT stands for Strengths, Weaknesses, Opportunities, and Threats, used to analyze risks.

Which risk identification technique uses a prepared list of known risks?

A Checklists

B Expert interviews

C Brainstorming

D SWOT analysis

Checklists use a list of known risks to help identify potential issues.

Why are expert interviews useful in risk identification?

A They provide detailed project schedules

B They help find hidden or complex risks

C They replace the need for documentation

D They finalize the project budget

Experts share knowledge that helps uncover risks not obvious to others.

What is the main goal of reviewing project documents for risk identification?

A To create the project timeline

B To assign tasks to team members

C To find missing or inconsistent information that could cause risks

D To approve the project budget

Reviewing documents helps spot gaps or errors that might lead to risks.

Explain three different techniques used to identify risks in a project.

Think about group discussions, lists, analyzing strengths and threats, consulting experts, and reading project papers.

Why is it important to identify risks early in a project? How do risk identification techniques help?

Consider how knowing risks early can save time and money.