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What Are The Advantages And Disadvantages Of Risk Analysis

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PHASE TASKS
Planning Define objectives, constraints, and deliverables
Risk analysis Identify risks and develop acceptable resolutions
Engineering Develop a prototype that includes all deliverables
Evaluation Perform assessment and testing to develop objectives for next iteration

Numerous other adaptive variations and related methods exist, and most IT developers expect this trend to continue in the future. Two examples are Scrum and Extreme Programming (XP), which are discussed in detail in Chapter 4, Requirements Modeling, and in Chapter 11, Application Development.
Although agile methods are becoming popular, analysts should recognize that these approaches have advantages and disadvantages. By their nature, agile methods can allow developers to be much more flexible and …show more content…

They are popular because they stress team interaction and reflect a set of community-based values. Also, frequent deliverables constantly validate the project and reduce risk.
However, some potential problems exist. For example, team members need a high level of technical and interpersonal skills. Also, a lack of structure and documentation can introduce risk factors. Finally, the overall project may be subject to significant change in scope as user requirements continue to evolve during the project.

agile software development (ASD)
In software application development, agile software development (ASD) is a methodology for the creative process that anticipates the need for flexibility and applies a level of pragmatism into the delivery of the finished product. Agile software development focuses on keeping code simple, testing often, and delivering functional bits of the application as soon as they're ready. The goal of ASD is to build upon small client-approved parts as the project progresses, as opposed to delivering one large application at the end of the

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