SOFTWARE ENGINEERING

Detailed explanation-1: -Risk management lies at the intersection of project functions performed by the systems engineer and the project manager. Historically, risk management focused more on management elements such as schedule and cost, and less on technical risks for well-defined or smaller projects.

Detailed explanation-2: -Explanation: Risk management involves anticipating risks that might affect the project schedule or the quality of the software being developed, and then taking action to avoid these risks. 2. Which of the following risk is the failure of a purchased component to perform as expected? a) Product risk. b) Project risk.

Detailed explanation-3: -Performing a risk assessment is an important step in being prepared for potential problems that can occur within any software project. During the risk assessment, if a potential risk is identified, a solution or plan of action should be developed. (A problem analyzed and planned early is a known quantity.