Software Process And Measurement Cast

Welcome to the Software Process and Measurement Cast 133! SPaMCAST 135 features an entry in the Metrics Minute.  We are covering a Value at Risk.  WValue at Risk represents the potential impact of risk on the value of a project or portfolio of projects.  Risk is monitored at specific points (a topic of further discussion in the near future) of the project life cycle.  Monitoring includes an evaluation of the potential cost impact of remediating the risks that have not been fully remediated weighted by the probability of occurrence.  Where the cost impact of risk is above program risk tolerance specific remediation plans will be established to reduce the estimated risk impact.  The value at risk metric provides the team with a tool for prioritizing risks and risk management activities.   Shameless Ad for my book!  Mastering Software Project Management: Best Practices, Tools and Techniques co-authored by Murali Chematuri and myself and published by J. Ross Publishing. We have received unsolicited reviews like