Resolve+Risk

8.1 Define the Risk Resolution Processtoc
Prototyping and simulating are risk resolve techniques used to reduce risk. The risk solution process can be viewed from an internal and external standpoint.

8.1.1 Process Goals
Process Goals are a set of rules that will suffice the risk resolve process and also ensure the process quality. These goals are:
 * Assign responsibility and authority to the lowest possible level.
 * Follow a documented risk resolution action plan.
 * Report results of risk resolution efforts.
 * Provide for risk aware decision making.
 * Determine the cost-effectiveness of risk management.
 * Is prepared to adapt to changing circumstances.
 * Take corrective actions when necessary.
 * Improve communication within team.
 * Systematically control software risk.

8.1.2 Process Definition
The IDEF0 diagram below shows the Risk tracking process definition.
 * Process control is a way to regulate the risk resolve process. It includes project resources, project requirements, and the risk management plan. It is located at the top right of the IDEF0 graph.
 * Process inputs- include the objectives, constraints, and strategy of the risk resolution process. It is located at the top right of the IDEF0 graph.
 * Process Outputs includes the risk status, acceptable risk, reduced rework, corrective action, and problem prevention. It is located at the bottom right of the IDEF0 graph.
 * Process Mechanism includes risk resolution techniques, risk resolution tools, and a risk database. It is located at the bottom left of the IDEF0 graph.

8.1.3 Process Activities
The following tasks are needed to monitor risk and provide notification to trigger risk resolution.
 * 1) Respond to notification of triggering event. Responding to the triggering even in a timely manner can reduce the consequence from the risk.
 * 2) Execute the risk action plan. A written action plan should be used to resolve risk. The risk action plan should have been the output of the risk planning process.
 * 3) Report Progress against plan. Reporting the results of the risk resolution effort gives the information that the team needs to review risk status, measures, and metrics.
 * 4) Correct for deviation from the plan gives you a way to take another approach if the initial plan failed.

8.2 Define Risk Resolution Techniques
There are two fundamental of risk resolution: creativity and collaboration.

8.2.1 Creativity
Creativity is inventiveness in originating ideas. When implementing the risk action plan, the team might have to come up with innovative ideas. Innovative styles include envisioning, experimenting, exploring, and modifying. Bellow is an example of the experimenting style. you can use this table to test different ideas for advertising and hiring Radar engineers, you could make a combination of Bonus, Location, and advertise through the radio.
 * **Technology** || **Incentives** || **Lifestyle** || **Media** ||
 * Engineering || Salary || Location || Journal ||
 * Software || Benefits || Schools || Internet ||
 * Aerospace || Bonus || Casual || Newspaper ||
 * Radar || Stock options || Flying || Radio ||

8.2.2 Collaboration
Collaboration is a technique to resolve risk. It’s easier to come up with ideas working with others than to find solutions working in isolation. Networking in the workplace is a great way to learn from others, someone in your building might already have a solution to your problem. When working with others you can verify that everyone is on the same page and that communications is not being misunderstood.

8.3 Define Risk Management Return on Investment
Risk management ROI is the saving for all managed risks divided by the total cost of risk management activities. Cost is the total investment in resources, and the savings is the return for each managed risk. The equation is shown below:

8.4 Develop a Corrective Action Procedure
A corrective action procedure is needed to correct variation in the process or the product. The corrective action procedure has four steps:
 * 1) Identify the problem. Find the problem whether it’s in the process, or the product.
 * 2) Assess the problem. Document the problem and analyze your findings.
 * 3) Plan action.
 * 4) Monitor progress.