Risk

Risk is a concept that denotes the precise probability of specific eventualities. Technically, the notion of risk is independent from the notion of value and, as such, eventualities may have both beneficial and adverse consequences. However, in general usage the convention is to focus only on potential negative impact to some characteristic of value that may arise from a future event.

Risk Management

Risk management is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events. Risks can come from uncertainty in financial markets, project failures, legal liabilities, credit risk, accidents, natural causes and disasters as well as deliberate attacks from an adversary. Several risk management standards have been developed including the Project Management Institute, the National Institute of Science and Technology, actuarial societies, and ISO standards.Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety.

Task 2

Task 1

CASE TOOLS

CASE TOOLS - are a class of software that automates many of the activities involved in various life cycle phases.

Kuhn, D.L (1989). "Selecting and effectively using a computer aided software engineering tool". Annual Westinghouse computer symposium; 6-7 Nov 1989; Pittsburgh, PA (USA); DOE Project.

Software engineering

Software engineering is application of a systematic, disciplined, quantifiable approach to the development, operation, and maintenance of software, and the study of these approaches; that is, the application of engineering to software.

who I am

I am Juvenille Jabilles

BSIT-II Student

17 years old of age 

I Live in Central Compound Mati Davao Oriental

I Have Two Brothers And One Sister