Risk Management for Taxi Booking Application

Running head: RISK MANAGEMENT
Risk management
[Name of the Student]
[Name of the University]
[Author note]

1RISK MANAGEMENT
Comment for Question 1:
 The taxi booking application would be working ad desired if all the constraints and
risks are understood in a proper way. Security risk and technological risks are the two
major risks and if this risks are dealt with in a proper way then the application is
surely like to succeed.
 The scope of the project has also been created in proper way so as to understand the
basic objective of the project.
Question 3
A. Which risk treatment method is this? Explain your answer.
The risk treatment method that is used for this is the change management. Change
management generally refers to the systematic approach of dealing with the various type of
transformation taking place in the goal, process or technologies in the project, change
management is implemented so as to have an effective change of the requirements and also
for controlling the changes and helping the people so as o adopt the changes. The change
management strategy would be including a structures procedure for requesting the changes
along with a mechanism so as to respond the changes and for taking follow-ups.
B. Which risk treatment method should be used when a section of the project is too
difficult for the company to perform? Explain your answer.
The risk treatment method that should be used for this particular section is the risk
avoidance. This method generally involves the development of an alternative strategy which
is having the highest probability of success. however, this type of method is associated with
high cost. As the project is too difficult it is better to use to the risk avoidance strategy. This