Risk Management Plan For Smart Car Using The Internet Of...

3. Risk Management Plan 3.1. Risk Identification Risk identification is the procedure of deciding risks that could conceivably keep the system, company or speculation from accomplishing its objectives. For risk identification, the team should to survey the project scope, cost appraisals, schedule, specialized development, key performance parameters, execution challenges, usage challenges, coordination, interoperability, supportability, inventory network vulnerabilities, capacity to handle risks, cost deviations, test occasion desires, wellbeing, security, and more (â€Å"Enterprise Risk Management†, 2010). When we launch the new project of smart car using the internet of thing technique, we will identify more risk related to internet or computer by using below steps. †¢ Surveying †¢ Statement of Work †¢ Poor Process Execution †¢ Past Failures †¢ Defect Rates †¢ Metrics Analysis 3.2. Risk Assessment Risk assessment is to procedure to analysis the impact of the risk on the project. there are two methods for risk analysis; qualitative risk analysis and quantitative risk analysis. This two methods, we use for the analyzing the risk for the project of iSmartV. 3.2.1. A complete qualitative risk analysis: The goal of leading a subjective risk analysis is to secure wellbeing against perceived risks and to build the readiness of administration, colleagues, and all staff who are helpless against them. This technique for risk analysis is intended to recognize issues that are looked uponShow MoreRelatedInformation And Communication Technologies ( Ict )2012 Words   |  9 Pagesservices of a city these need to evolve into a ‘smart city’. 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