Japanese risk management secrets BrSE

In a project, along with time and work schedule management, risk control is one of the most important things. By anticipating what will happen and taking measures, BrSEs can calmly handle problems and come up with effective solutions. Risk management in the Japanese style will provide appropriate management methods that bridge engineers can apply in project management.

What is project risk management ?

Simply put, risk is what may or may not happen. This is an event that can leave damage that we cannot predict in terms of severity.

Usually, the risks are negative effects on the project. BrSE needs risk management skills in projects, especially Offshore projects.

Software development project risk management is the anticipation of subjective and objective factors from the surrounding environment that affect a software project.</ span>

Risk control helps bridge engineers eliminate and mitigate negative impacts on the project. Risk management is a systematic and methodical activity. 

The importance of software project risk management that BrSE needs to understand

In an outsourcing environment, projects need the connection of many parties.

Time, different working culture requires bridge engineers to closely follow the progress of software projects and constantly update requirements from customers. Risks can appear at any time.

More seriously, the risk can cause the entire project to fail, affecting business reputation and relationships with customers.

Risks are unpredictable bad situations.

Proactive risk management helps bridge engineers avoid the worst possible scenarios.

In technology projects, it is common for programmers to mis-estimate the sprint completion time.

If the project manager or BrSE does not anticipate related problems, it will affect the progress of the work.

This can be one of the causes of financial risks for businesses. 

Identifying the worst-case scenarios helps bridge engineers control the quality of their work.

Risk management will help limit / eliminate unnecessary changes that occur during project execution, helping to avoid uncontrollable problems. resource, time, and cost requirements. 

Learn more: Critical skills to become BrSE< /a>

Risk management process for BrSE in Japanese style

One of the characteristics of Japanese culture is that they do not want to take risks at work.

This feature helps to ensure high quality software development projects for Japan.

Risk management is a mandatory management activity in any technology project.

Usually the risk is bad. However, the risk will not adversely affect the project if prepared.

The Japanese-style risk management process is divided into 4 main steps.

Define risk

In Japanese style, there are 2 types of risks that negatively impact the project. One is the “probable” risk. This type of risk is incurable.

Another kind of risk is “don’t know if it can happen, but it can happen”. 

During the construction of the project, BrSE needs to identify the types of risks that may occur.

A number of tools can be used to support risk identification: Brainstorming Technique, Root Cause Analysis Technique, Checklist Analysis, Diagramming Technique.

Risk classification

Besides, BrSE needs risk classification. In technology projects, risks can be of many types:

Schedule Risk Type: Some important tasks are missed, 1 task is delayed affecting other tasks, sprint completion takes longer than expected,…

• Product risk type: Selected technology product does not solve a customer problem or need , the interface results must be re-implemented,…
• Risks in management : Product integration date, product delivery or demo are not carefully calculated , multiple software projects that need to use the same resources at the same time,…
• Customer risk type: customers expect growth rates beyond the capabilities of suppliers, customers request more features out of scope,…

Risk Assessment for BrSE

Before assessing the risk, it is necessary to determine the likelihood of the risk:

• Range of possible outcomes 
• Estimated time in the project (When)
• Frequency (how often)

When a risk occurs, the risk score is calculated using the risk formula.

Score = probability of occurrence + N * influence (N is the weight of influence)

Depending on the size of each project, hundreds of thousands of risks can arise. Risks should be assessed and classified by level: high, medium, low. 

 See also: Senior Developers Project Management Workshop</blockquote >  

Build response strategies

 

There are 4 types of countermeasures to deal with risks. It is avoid/reduce/change/accept.

 

Once the risk has been assessed, develop response scenarios.

 

Instead of complaining, blaming or bewildered and worried when there is a risk in the project, BrSEs should calmly review the scenario of dealing with the risk that has already occurred. build earlier.

 

• How to reduce the probability of a possible risk ?
• Suppose the risk occurs, how to reduce the negative impact?
• Is there a way to minimize the cost of risk?
• Who will be responsible for these issues?

 

All match methods should be anticipated. BrSEs need to develop risk response strategies from the very beginning of the project

 

Watch for risks

 

Risk monitoring table is one of the useful support tools to help BrSEs understand the actual status of the project.

 

The project is only successful when finished without any risk. The risk may disappear, may also return again.

 

All risks can occur at any time. Therefore, bridge engineers should monitor the risk.

 

Conclusion

 

There is no guarantee that your project will be successful without any problems.

 

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When threats are reduced, software development projects take another step to success.

 

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