What is a software process? Ans. A software process is a series of steps used to solve a problem. The following figure shows a pictorial view of how an organization has defined a way to solve risk problems. In the diagram we have shown two branches: one is the process and the second branch shows a sample risk mitigation process for an organization. For instance, the risk mitigation process defines what step any department should follow to mitigate a risk. The process is as follows: * Identify the risk of the project by discussion, proper requirement gathering, and forecasting. * Once you have identified the risk prioritize which risk has the most impact and should be tackled on a priority basis. * Analyze how the risk can be solved by proper impact analysis and planning. * Finally, using the above analysis, we mitigate the risk.