Solution Guide for Migrating Oracle on UNIX to SQL Server - Willy .Net

6Introduction to the Microsoft <strong>Solution</strong>s Frameworkbecome real problems to be handled as such. The MSF risk management processdefines six logical steps the team uses to manage current risks, plan and execute riskmanagement strategies, and capture knowledge <strong>for</strong> the enterprise. Figure 1.4 illustratesthe relationship between the six steps.Figure 1.4The MSF risk management processThe following list provides detailed in<strong>for</strong>mation about each of the six risk managementsteps.● Identify. The process of risk identification calls <strong>for</strong> all team members to participatein surfacing risks to make the team aware of potential problems. As the input to therisk management process, risk identification should be undertaken as early aspossible and repeated frequently throughout the project life cycle.● Analyze and Prioritize. Risk analysis trans<strong>for</strong>ms the estimates or data aboutspecific project risks that surface during risk identification into a <strong>for</strong>m that the teamcan use to make decisions regarding prioritization. Risk prioritization enables theteam to commit project resources to manage the most important risks.● Plan and Schedule. Risk planning takes the in<strong>for</strong>mation obtained from riskanalysis and prioritization and uses it to <strong>for</strong>mulate strategies, plans, and actions.Risk scheduling ensures that these plans are approved and then incorporated intothe project management process and infrastructure to ensure that riskmanagement is carried out as part of the day-to-day activities of the team. Riskscheduling explicitly connects risk planning with project planning.● Track and Report. Risk tracking monitors the status of specific risks and theprogress in their respective action plans. Risk tracking also includes monitoring theprobability, impact, exposure, and other measures of risk <strong>for</strong> changes that couldalter priority, risk plans, and project features, resources, or schedule. Risk trackingenables visibility of the risk management process within the project from theperspective of risk levels as opposed to the task completion perspective of thestandard operational project management process. Risk reporting ensures that theteam, sponsor, and other stakeholders are aware of the status of project risks andthe plans to manage them.● Control. Risk control is the process of executing risk action plans and theirassociated status reporting. Risk control also includes initiation of project changecontrol requests when changes in risk status or risk plans could result in changesin project features, resources, or schedule.● Learn. Risk learning <strong>for</strong>malizes the lessons learned from the project, collects therelevant project artifacts and tools, and captures that knowledge in reusable <strong>for</strong>m.