Risk Burndown Chart

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soniaacp_123
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Risk Burndown Chart

Postby soniaacp_123 Thu Jun 09, 2016 3:27 pm

Can any one please explain the x and y co-ordinates on Risk Burndown Chart
sanjaykumar
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Re: Risk Burndown Chart

Postby sanjaykumar Fri Jun 10, 2016 11:08 am

y-axis - risk exposure
x-axis - iterations/sprints - since you would usually update this burndown after each iteration.
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bs_pani
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Re: Risk Burndown Chart

Postby bs_pani Fri Jun 10, 2016 3:11 pm

Hope this will give you some more idea.
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bs_pani
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Re: Risk Burndown Chart

Postby bs_pani Fri Jun 10, 2016 8:59 pm

Dear Sanjay,

Based on this figure it seems X axis should have Time Period (Months) instead of just iteration.

Cheers,
Bhabani
sanjaykumar
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Re: Risk Burndown Chart

Postby sanjaykumar Sat Jun 11, 2016 4:30 pm

Iteration is also one form of time measure. If it is Scrum, you would usually update it every sprint, else you may do every week or fortnight.
Sanjay Kumar
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soniaacp_123
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Re: Risk Burndown Chart

Postby soniaacp_123 Sat Jun 11, 2016 4:53 pm

Thank you Sanjay and Bhabani for sharing the details!

Just one small doubt, how to calculate Risk Exposure when project starts as probability and impact will not be known,
sarawat
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Re: Risk Burndown Chart

Postby sarawat Sun Jun 12, 2016 5:29 am

beginning of project you will have nothing. you have to identify these components step by step. primarily this particular exercise is done as a part of iteration 0 scope and further this graph gets updated/monitored during subsequent iterations.

Step 1: Risk: identify description of the risk in a few lines.
Step 2: Probability: identify likelihood of the risk.
Step 3: Impact / Size of loss: this could be simple rating varies from 1 to 5 [ 1 being less damage , 5 being maximum damage ]
Step 4: Exposure: P x I

Thanks n Regards,
Sanjay Singh Rawat
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Re: Risk Burndown Chart

Postby sarawat Sun Jun 12, 2016 5:32 am

refer this incase you would like to read more.

https://www.scrumalliance.org/community ... t-in-agile

Thanks n Regards,
Sanjay Singh Rawat
soniaacp_123
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Re: Risk Burndown Chart

Postby soniaacp_123 Mon Jun 13, 2016 4:19 am

Thank you Sanjay for the explanation!

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