Lecture Requirement engineering - Chapter 8: Risks in requirements engineering. This chapter presents the following content: Element risks management, risk assessment, risk avoidance, risk control, product vision and scope,. | Risk management provides a standard approach to Identify and document risk factors Evaluate their potential severity Propose strategies for mitigating them Risk assessment: is the process of examining a project to identify areas of potential risk. Risk identification: makes lists of common risk factors for software projects Risk analysis: Examine the potential consequences of specific risks to your project. Risk prioritization: focus on the most severe risks by assessing the potential risk exposure from each. Risk avoidance : You can avoid risks by not undertaking certain projects, by relying on proven rather than cuttingedge technologies, or by excluding features that will be especially difficult to implement correctly. Software development is intrinsically risky, though, so avoiding risk also means losing an .