Quantifying Risk Management Approaches in CMMI Level-3 Company 
Cenkler Yakin
SEPG Manager
STM

Introduction:

This presentation will focus on the process improvements in risk management process targeting CMMI Level 3 maturity. The study is based on transition from qualitative approach to quantifying approach in risk management. Improvements are about risk identification, risk classification, risk parameters (probability, impact, and exposure), risk prioritization, and risk thresholds. Potential policies and preference profiles are determined. For each preference profile, risk management policies are ranked. An organization can determine its own profile, and can notice which policy is the most suitable for itself.

Learning Objectives:

Participants will see the new approaches/improvements of a company about risk identification, risk classification, risk prioritization, and risk thresholds. Potential policies and preference profiles are mentioned. An organization will be able to choose its own profile and notice which policy is the best for itself.

Outline:

• Introduction & Background of the Study
  • Aim of the study
  • Risk concept
  • Risk management
  • Software risk management
• Infrastructure of the Study
  • Quantifying risk management parameters
    • Risk identification
    • Risk classification
    • Risk probability
    • Risk impact
    • Risk exposure
    • Risk mitigation action
    • Risk mitigation cost
    • Probability for mitigation
  • Risk prioritization methods
    • Method-1
    • Method-2
    • Method-3
  • Thresholds
    • Threshold-1
    • Threshold-2
    • Threshold-3
• Policies & Profiles in the Study
  • Establishment of the policies
  • Establishment of the profiles
    • Based decision parameters
    • Derived decision parameters
• Application of the Policies in the Study
  • Ranking of the policies for each profile
    • Using of projects' real data
    • Calculation of decision parameters for each profile
• Results & Conclusion of the Study
  • Choosing of the most suitable policy for the organization
  • How to benefit from this study for other organizations

Biography:

Cenkler Yakin has M.Sc. degree in Industrial Engineering from Middle East Technical University , and B.Sc. degree in Industrial Engineering from Bilkent University in Turkey . He is active as SEPG Chairman for two years. At the same time, he had worked as Quality Engineer of defense projects. He is currently working for STM, and coaching them in process improvement. He has expertise on process improvement and quality assurance approaches. He spends his time for achieving Level-5 structure by using his past experiences from a CMMI Level-5 company.

He performed detailed literature analysis to build his M.Sc. thesis about quantifying risk management and directly involved the risk management studies at STM company as application of the theoretical study. This presentation shows the reflection of the theoretical quantifying risk management study onto practical approaches on STM.