Going through ISTQTB documents found term PRAM
Pragmatic Risk Analysis and Management
Could anyone out there provide a practical example of PRAM
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1 Answer
From this article:
"In pragmatic terms, "risk tolerance" is nothing more than a reflection of a given decision-maker's attitude in a given decision"
In my own head, I have always thought of it - much in the way the article does - as, "D.A.D"
D - Define
A - Assess
D - Decide
Define:
What do you want to accomplish? What value are you adding? What will cost be in both money and workforce?
Assess:
What are my risks? What are the impacts of not doing this? What are the potential risks if you do?
Decide:
Always have a mitigation strategy for your risks. Be agile.
I hope you found this helpful!
