CMMI-SVC Blog Special Series: 7th Part: This blog series on the cmmiconsultantblog.com is a systematic and structured coverage of CMMI Process Areas starting from Maturity Level 2 to Maturity Level 3: using CMMI–SVC, Version 1.3, as the Reference CMMI Model: As CMMI Consultant, during CMMI Consulting assignment if you are asked about the steps, inputs and outputs of Risk Management (RSKM) Process Area, what would be your response:

CMMI FAQ 0

1st August, 2016

For the above-mentioned question, CMMI consultants may take inputs from the following:

Risk Management helps in the early identification of potential problems before they occur. This helps in planning of the risk handling activities and invoking the planned course of action (mitigation) as needed across the life of the product or work to manage the adverse impacts on achieving work planned objectives.

While identifying the risks in the risk management, one should focus the following categories of risks:

• internal and external
• technical and non-technical
• resources
• sources of cost
• schedule
• performance

Early identification of risks is important and helps in easy, less costly, and less disruptive management of risks rather than the later, phases of the work lifecycle.

Objectives

The objectives of Risk Management Process are:

• Plan for Risk Management– This includes identifying Risk Sources and Categories.
• Identify and Analyze the Risks– Identify, evaluate, categorize and prioritize risks.
• Mitigating Risks– Develop and implement Risk Mitigation Plan as per the need.

Inputs

The inputs for the Risk Management Process are:

• Work Proposal
• Work Requirement Specification
• Performance Work Statement

Outputs

Outputs for the Risk Management Process are:

• Risk Management Plan
• Risk Log
• Risk Status Report
• Risk Tracking Tool can also be used for Risk Management

The above is not an exhaustive coverage of the Risk Management (RSKM), CMMI Process Areas but is substantive enough for CMMI Consultants to create a good foundation of the Risk Management process in an organization.

Source: CMMI for Services