Managing Requirements Risks: A Value-Based Process (original) (raw)
2010, Advances in Risk Management
The technological, cost, people and schedule issues faced during software development, make it vulnerable for several types of risks. The requirements' related risks are one of the most occurring risks. If remain unnoticed or unmanaged, the requirements related risks can cost a project greatly, financially and otherwise. It is extremely important to manage requirements related risks efficiently and effectively. Moreover, a project can never be successful if stakeholders do not get their "valued" things. Every requirement contributes towards some value for stakeholder(s). Therefore it is important to manage requirements risks to the satisfaction of stakeholders. Different stakeholders have different perception of risk, it is therefore necessary to have a process that not only manages requirements' risks but it also fulfills the values of stakeholders as well. This chapter presents a Value-Based Requirements Risk Management (VRRM) process that is designed to manage requirements related risks in a value based manner.
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