Technology Risk
By pushing the limits of the technology is exciting and challenging. It is the dream of almost every technical person because it forces a practitioner to use his or her skills to the fullest but it is also very risky. Murphy's Law seems to carry sway in this category of the development universe which making it extremely difficult to foresee risks, much less strategy for them. There are the following risk item checklist identifies generic risks associated with the technology is to be developing:
- Do the customer's needs demand the creation of new algorithms or output or input technology?
- Does the software interface with proven or new hardware?
- Does the software to be established interface with vendor supplied software products which are unproven?
- Does the software to be established interface with a database system whose function and performance have not been proven in this application area?
- Is a specialized user interface demanded through product needs?
- Do needs for the product demand the creation of program parts which are unlike any previously established by your company?
- Do needs demand the use of new design, analysis, or testing methods?
- Do needs demand the use of unconventional software development techniques like as formal methods, AI-based approaches and artificial neural networks?
- Do needs put excessive performance constraints on the product?
- Is the customer uncertain which the functionality requested is doable?
If a majority answered "yes" of the above questions further investigation should be undertaken to assess risk potential.