Topic: Software Engineering
As per software engineering, which of the following order is correct for stages of Risk Management process of a software project?
- A. Risk identification $\rightarrow$ Risk planning $\rightarrow$ Risk analysis $\rightarrow$ Risk monitoring
- B. Risk planning $\rightarrow$ Risk identification $\rightarrow$ Risk analysis $\rightarrow$ Risk monitoring
- C. Risk analysis $\rightarrow$ Risk identification $\rightarrow$ Risk planning $\rightarrow$ Risk monitoring
- D. Risk identification $\rightarrow$ Risk analysis $\rightarrow$ Risk planning $\rightarrow$ Risk monitoring
Answer: D. Risk identification $\rightarrow$ Risk analysis $\rightarrow$ Risk planning $\rightarrow$ Risk monitoring
Explanation: The standard sequence of the Risk Management process involves first identifying the risks (Identification), then evaluating their likelihood and impact (Analysis), followed by creating strategies to mitigate them (Planning), and continuously tracking them throughout the project lifecycle (Monitoring).