A Framework for Integrating Risk Management into the Software Development Process (original) (raw)

Strategies for Successful Software Development Risk Management

2004

Nowadays, software is becoming a major part of enterprise business. Software development is activity connected with advanced technology and high level of knowledge. Risks on software development projects must be successfully mitigated to produce successful software systems. Lack of a defined approach to risk management is one of the common causes for project failures. To improve project chances for success, this work investigates common risk impact areas to perceive a foundation that can be used to define a common approach to software risk management. Based on typical risk impact areas on software development projects, we propose three risk management strategies suitable for a broad area of enterprises and software development projects with different amounts of connected risks. Proposed strategies define activities that should be performed for successful risk management, the one that will enable software development projects to perceive risks as soon as possible and to solve problem...

Need for Effective Risk Management Strategy during Software Development Process -A Holistic View

Int. Jnl. of Advanced Networking & Applications (IJANA) Special Issue, 2019

-Risk management in software development is one of the well-known methods for successful software development strategy. This is because though risks can affect all parameters of the project, it specifically influences those parameters which are deemed to be modulating the success nature of the project based on the severity of the risk. This paper therefore provides a sample of few risks and put forth their holistic view on the types of severity encountered during project development. This knowledge further throws light on the fact that if risks are not attended at the right time, they can propagate further and cause hazardous impact on the project deliverables.

Top Fifty Software Risk Factors and the Best Thirty Risk Management Techniques in Software Development Lifecycle for Successful Software Projects

The concern of this study is to identify software risks and controls in the software development lifecycle. The aim of this study is to rank the software risks factors according to their importance and occurrence frequency based on the data source. The survey questionnaire is used to collect data and method of sample selection referred to as 'snowball' and distribution personal regular sampling was used. The seventy six software project managers have participated in this study who works in the Palestinian software development. Fifty software risk factors in all phases SDLC and thirty risk management techniques were presented to respondents. The results show that all risks in software projects were significant and important in software project manager's perspective. However, the ranking of the importance of the risks is assigned according to it: Analysis, planning, maintenance, design, and implementation. In addition, the top ten software risk factors in software development are selected and used for further analysis such as:

Recent trends of Risk Management in Software Development:An Analysis

One of the essential objectives of any software industry is to develop customer satisfied software. Due to the intangible nature of software, occurrence of risk has become one of the key concerns of the industry. As such, it is important to ensure software development process to have effective risk management strategies. As risk occurrence is inevitable, risk mitigation strategies have come a long way since past two decades. This paper therefore put forth an analysis of various trends in risk management that exist across software industries. An empirical investigation carried across software industries is further presented which throws light on the scope for effective risk management research to further progress.

Role of Risk Management in Development of Software Projects

International journal of engineering research and technology, 2014

Nowadays, software development is becoming a major part of enterprise business. Software development is an activity connected with new technologies and high level of knowledge. There are many risks associated with software development such as time-to-market, budget and schedule estimation, product deployment or maintenance. These risks on software development projects must be successfully mitigated to build successful software systems in the organization. Lack of knowledge about risk management is one of the major causes for project failures. To develop a project successfully, risk management determines common risk impact areas in the software projects. Software risk management is a systematic way to manage risks in development of software projects. This paper recognizes the role of risk management in present software projects and aims at providing more support in this area. Firstly the paper consist what are the software risks involved in development of software projects, then a model of software risk management process with the overview of risk assessment process.

A comprehensive solution for risk management in software development projects

International Journal of Intelligent Systems Technologies and Applications, 2018

Risk management is a never ending process in the life cycle of a software project. For efficient risk management, it is necessary to have deep understanding of risk, its types, mitigation strategies so that either the risk is avoidable in future or the impact of the same can be brought down. This paper essentially deals with comprehensive understanding of risk from different perspectives and offers a solution-research methodology for efficient risk management. Risk is prioritised based on the impact that is measured with the help of essential parameters that are inevitable to complete the development cycle of the project. Authors have proposed enhanced risk analysis (ERA) approach to identify measure and calculate the occurrence of risk which can get prioritised. Based on the priority, solution is applied either to mitigate or to bring down the impact of these risks leaning towards the successful completion of the software development project on time.

An Empirical Evaluation of Assorted Risk Management Models and Frameworks in Software Development

International Journal of Applied Evolutionary Computation

Software risk management is one the key factors in software project management with the goal to improve quality as avoid vulnerabilities. The term defect refers to an imperfection that may arise because of reasons including programmers' skills, lack of suitable testing strategies, and many others. When actual results are different from expected result or meeting wrong requirement, it is called defect and it forms the basis of risk escalation in a software project which is obviously not accepted in any type of deployment. Making a reliable software should be risk free from any vulnerability. Along with reliability another issue arises is software quality which is a factor with software risk management. The quality of software is to reduce the occurrence of risks and defects with the objective to produce an effectual value software which is key point of consideration. In this article, is underlined the present assorted risk management strategies proposed and projected by a number ...

IJERT-Role of Risk Management in Development of Software Projects

International Journal of Engineering Research and Technology (IJERT), 2014

https://www.ijert.org/role-of-risk-management-in-development-of-software-projects https://www.ijert.org/research/role-of-risk-management-in-development-of-software-projects-IJERTV3IS041686.pdf Nowadays, software development is becoming a major part of enterprise business. Software development is an activity connected with new technologies and high level of knowledge. There are many risks associated with software development such as time-to-market, budget and schedule estimation, product deployment or maintenance. These risks on software development projects must be successfully mitigated to build successful software systems in the organization. Lack of knowledge about risk management is one of the major causes for project failures. To develop a project successfully, risk management determines common risk impact areas in the software projects. Software risk management is a systematic way to manage risks in development of software projects. This paper recognizes the role of risk management in present software projects and aims at providing more support in this area. Firstly the paper consist what are the software risks involved in development of software projects, then a model of software risk management process with the overview of risk assessment process.

Software engineering risk management: A method, improvement framework, and empirical evaluation

PhD Tech. Helsinki University of Technology, 2001

This dissertation presents a method for software risk management, its improvement framework, and results from its empirical evaluations. More specifically, our objectives were: 1. Develop a comprehensive, theoretically sound, and practical method for software engineering risk management. 2. Develop a framework and supporting software tools for the continuous improvement of software engineering risk management and for improving knowledge about risks. 3. Evaluate the method in practice to provide information on its feasibility, effectiveness, advantages and disadvantages, and to improve it. Although risk management has been considered an important issue in software development and significant contributions to risk management have been made over the past decade, risk management is rarely actively and explicitly applied in practice. Furthermore, most risk management approaches in software engineering use simplistic approaches and fail to account for the biases common in risk perception.

Managing risk in software development projects: a case study

Industrial Management and Data Systems, 2007

Purpose -The main objective of the paper is to develop a risk management framework for software development projects from developers' perspective. Design/methodology/approach -This study uses a combined qualitative and quantitative technique with the active involvement of stakeholders in order to identify, analyze and respond to risks. The entire methodology has been explained using a case study on software development project in a public sector organization in Barbados. Findings -Analytical approach to managing risk in software development ensures effective delivery of projects to clients.