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Kristen Walcott-Justice

Risk Analysis, Assessment, and Prioritization looks at how you can manage conflicts at system levels, but it can also be applied to lower level assessments. How do you manage and document conflict, along with alternatives? In analyzing alternatives, you must consider risks. In this course, we'll look into how to analyze risk, evaluate risk, document risks, and use this information for prioritization of requirements. Qualitative and Quantitative approaches will be covered.

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Syllabus

Risk Analysis, Assessment and Prioritization
Once requirements have been somewhat/mostly determined, we next need to go carefully through our work. This involves analyzing risk, assessing alternative plans, and prioritizing. In this module, we examine how to begin documenting conflicts and generating conflict resolution.
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Dealing with Risk
Risk goes far beyond security. Most non-functional requirements are part of risk analysis. In this lesson, we discuss different types of risks, how they can be identified, and how to visualize a causal linking of failures, causes, and consequences using risk trees and cut-set trees.
Controlling Risk
In writing use cases and scenarios, we'll discover risk in the interactions. Interactions may happen out of order, to quickly or slowly, or not occur at all. In risk assessment, we assess the likelihood of risks and their severity, the likelihood of consequences, and thus, attempt to control high-priority risks.
Incorporating Risk Management into Your Process
Many approaches can be used to incorporate risk management into your software requirements engineering process. One is Defect Detection Prevention (DDP). We can also analyze alternatives qualitatively and quantitatively. We discuss Defect Detection Prevention, Value Cost Prioritization, and the Analytic Hierarchal Process in this module and how these techniques can be scaled for every day use.

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Incorporates both qualitative and quantitative risk analysis approaches, providing a comprehensive understanding of risk management
Covers risk identification, assessment, and control, addressing both traditional and non-functional requirements
Introduces Defect Detection Prevention and Analytic Hierarchal Process for risk prioritization, enhancing decision-making
Utilizes risk trees and cut-set trees to visualize risk relationships, aiding in the understanding of potential vulnerabilities
Emphasizes conflict resolution and alternative analysis, providing practical tools for managing project challenges

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Reviews summary

Helpful intro to software requirements

Learners say this course provides a useful and helpful introduction to software requirements prioritization and risk analysis. It offers a good overview of the domain of risk analysis in technology development. Reference links in the readings are frequently broken. Students have also mentioned the course material is easy to understand, however there are translation issues into other languages beyond English.
Easy to understand course material.
"material and explanation is very easy to understand"
"Thank you, the material provided is quite simple and easy to understand"
Introduces core risk analysis concepts.
"A great introduction to the domain of Risk Analysis"
"Introduces legit techniques and tools"
"Provides a good overview of the domain of risk analysis"
Translation issues for non-English speakers.
"Lack of clarity and translation into other languages such as Spanish. Too much reading"
"esta muy bien pero seria conveniente su traduccion a mas idiomas, al menos los mas hablados, Español, Frances, Chino..."
Broken links in reference materials
"A lot of reference links in reading are broken/gone"
"Some of the documents in the links are difficult reading"

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Software Requirements Prioritization: Risk Analysis with these activities:
Compile a toolkit for risk management
Compiling a toolkit will provide you with easy access to resources and techniques for risk management.
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  • Research and identify useful tools and resources for risk analysis and management.
  • Organize the tools and resources into a central location (e.g., folder, website).
  • Maintain and update the toolkit as new tools and techniques emerge.
Create a DDP plan for a software development project
Following a guided tutorial on DDP can help you apply risk management techniques to software development projects.
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  • Review the principles of DDP and its benefits.
  • Identify potential defects and risks in a software development project.
  • Develop a DDP plan to address these risks.
  • Implement the DDP plan throughout the project lifecycle.
Analyze risk scenarios and prioritize requirements
Practicing risk analysis and prioritization will enhance your ability to identify and address potential risks.
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  • Identify a set of system requirements.
  • Analyze each requirement for potential risks.
  • Prioritize the risks based on their likelihood and impact.
  • Develop mitigation strategies for the top risks.
Four other activities
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Attend a workshop on Advanced Risk Analysis Techniques
Attending a workshop will provide you with exposure to advanced risk analysis techniques and best practices.
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Show steps
  • Identify and register for a relevant workshop on advanced risk analysis techniques.
  • Attend the workshop, participate actively in discussions, and take notes.
  • Apply the techniques learned in your own risk analysis projects.
Build a risk assessment model
Building a risk assessment model will provide practical experience and reinforce your understanding of risk analysis techniques.
Browse courses on Risk Assessment
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  • Identify the system or process to be assessed.
  • Conduct a risk analysis to identify potential risks and their likelihood and impact.
  • Develop a risk assessment model using a suitable technique (e.g., FMEA, FTA).
  • Validate the model and make necessary adjustments.
  • Use the model to assess risks and make recommendations for risk mitigation.
Develop a risk management case study
Creating a case study will enhance your understanding of risk management principles and their application in real-world scenarios.
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  • Identify a specific risk management problem or challenge.
  • Analyze the problem, identify the risks involved, and evaluate the potential consequences.
  • Develop and implement a risk management plan.
  • Monitor the plan's effectiveness and make necessary adjustments.
  • Document the process and outcomes in a case study.
Contribute to an open-source risk management project
Contributing to an open-source project will provide hands-on experience and exposure to real-world risk management challenges.
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  • Identify an open-source risk management project that aligns with your interests.
  • Familiarize yourself with the project's codebase and documentation.
  • Identify areas where you can contribute, such as bug fixes, feature enhancements, or documentation improvements.
  • Submit your contributions to the project's repository.

Career center

Learners who complete Software Requirements Prioritization: Risk Analysis will develop knowledge and skills that may be useful to these careers:
Software Risk Analyst
**Software Risk Analysts** identify, assess, and mitigate risks that could affect software projects while prioritizing risks and developing risk mitigation plans. Knowledge of risk analysis, assessment, and prioritization from this course will be helpful for Software Risk Analysts who must consider the likelihood and severity of risks and their potential consequences.
Business Analyst
**Business Analysts** work with stakeholders to understand their needs and translate those needs into requirements that can be used to develop software. They must be able to identify and prioritize risks that could affect the project and to develop mitigation plans. This course can help Business Analysts build a foundation in risk analysis and prioritization.
Project Manager
**Project Managers** plan and execute projects. They must be able to identify and prioritize risks that could affect the project and to develop mitigation plans. This course can help Project Managers build a foundation in risk analysis and prioritization.
Product Manager
**Product Managers** are responsible for the overall success of a software product. They must be able to identify and prioritize risks that could affect the product and to develop mitigation plans. This course can help Product Managers build a foundation in risk analysis and prioritization.
Risk Manager
**Risk Managers** identify, assess, and mitigate risks to organizations. They must be able to understand the different types of risks that can affect organizations and to develop mitigation plans. This course can help Risk Managers build a foundation in risk analysis and prioritization.
Security Analyst
**Security Analysts** identify, assess, and mitigate risks to information systems. They must be able to understand the different types of risks that can affect information systems and to develop mitigation plans. This course can help Security Analysts build a foundation in risk analysis and prioritization.
Software Architect
**Software Architects** design and implement software systems. They must be able to identify and prioritize risks that could affect the system and to develop mitigation plans. This course can help Software Architects build a foundation in risk analysis and prioritization.
Software Test Engineer
**Software Test Engineers** test software to ensure that it meets the requirements and that it is free of defects. They must be able to identify and prioritize risks that could affect the testing process and to develop mitigation plans. This course can help Software Test Engineers build a foundation in risk analysis and prioritization.
Requirements Engineer
**Requirements Engineers** elicit, analyze, and document software requirements. They must be able to identify and prioritize risks that could affect the project and to develop mitigation plans. This course can help Requirements Engineers build a foundation in risk analysis and prioritization.
Data Analyst
**Data Analysts** collect, analyze, and interpret data to help organizations make better decisions. They must be able to identify and prioritize risks that could affect the data collection and analysis process and to develop mitigation plans. This course may be helpful for Data Analysts who want to build a foundation in risk analysis and prioritization.
Financial Analyst
**Financial Analysts** analyze financial data to help businesses make investment decisions. They must be able to identify and prioritize risks that could affect the investment decision-making process and to develop mitigation plans. This course may be helpful for Financial Analysts who want to build a foundation in risk analysis and prioritization.
Operations Research Analyst
**Operations Research Analysts** use mathematical and statistical models to solve problems in a variety of industries. They must be able to identify and prioritize risks that could affect the modeling process and to develop mitigation plans. This course may be helpful for Operations Research Analysts who want to build a foundation in risk analysis and prioritization.
Consultant
**Consultants** provide advice to businesses on a variety of topics, including risk management. They must be able to identify and prioritize risks that could affect the business and to develop mitigation plans. This course may be helpful for Consultants who want to build a foundation in risk analysis and prioritization.
Quantitative Analyst
**Quantitative Analysts** use mathematical and statistical models to analyze financial data and to make investment decisions. They must be able to identify and prioritize risks that could affect the investment decision-making process and to develop mitigation plans. This course may be helpful for Quantitative Analysts who want to build a foundation in risk analysis and prioritization.
Actuary
**Actuaries** use mathematical and statistical models to assess and manage financial risks. They must be able to identify and prioritize risks that could affect the financial health of an organization and to develop mitigation plans. This course may be helpful for Actuaries who want to build a foundation in risk analysis and prioritization.

Reading list

We've selected seven books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Software Requirements Prioritization: Risk Analysis.
Classic in the field of software engineering. It provides a comprehensive overview of the software engineering process, from requirements gathering to software testing.
Classic in the field of software requirements engineering. It provides a comprehensive overview of the requirements engineering process, from elicitation and analysis to specification and validation.
Comprehensive guide to risk-driven requirements analysis. It provides a detailed overview of the risk-driven requirements analysis process, from risk identification to risk mitigation.
Comprehensive guide to software risk management. It provides a detailed overview of the risk management process, from risk identification to risk mitigation.
Practical guide to risk analysis for software projects. It provides a step-by-step approach to identifying, assessing, and mitigating risks. Ideal for students who will be working with Agile development teams and those new to information security.
Practical guide to risk management in software projects. It provides a comprehensive overview of the risk management process, from risk identification to risk mitigation.
Practical guide to risk management for information systems. It provides a comprehensive overview of the risk management process, from risk identification to risk mitigation.

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