Like any other business, software development organizations try to maximize their profits and minimize their risks. Such risks represent the uncertain events and conditions that may prevent enterprises from reaching their goals. This possibility has turned risk management into a major concern, not only for project managers but also for executive officers involved with strategic objectives. In t...

The ability to reliably predict the risk for a software project presents a significant advantage for a development team. It provides an opportunity to address high risk components earlier in the development life cycle, when their impact is minimized. This article proposes a Bayesian Belief Networks (BBNs) model that captures the evolution of the quality of a software product and provides reliab...

Software risks can be defined as uncertainty and loss in project process. Software risk management consists of risk identification, estimation, refinement, mitigation, monitoring and maintenance steps. In this paper,the main focus is on different risk management model and the importance of automated tools in risk managementt. With the automated risk management tool, the prediction of project pr...

The paper presents a process model-based approach to software project risk identification. The approach involves explicit modeling of software processes and identifying risk by two dedicated techniques. The paper introduces a meta-model that allows expressing the process risk. Then, two systematic risk identification techniques are proposed and presented in the form of detailed procedures. Both...

This paper conceptualizes software project risk in terms of risk exposure and defines it as an aggregate multidimensional construct comprised of four interrelated dimensions: risk sources, risk events, risk management mechanisms, and expected outcomes. The paper also theorizes about relationships between the four dimensions. Furthermore, it argues that the risk factors identified in the literat...

One certainty in software development is that all projects will have to deal with change. Being able to effectively handle proposed changes is crucial for allowing continued development of a software project to occur. To effectively manage change, developers must assess the risks involved in making the change. To understand the risks, the project manager must determine how the change will affec...

the dynamic nature of projects and the fact that they are carried out in changing environments, justify the need for their periodic monitoring and control. collection of information about the performance of projects at control points costs money. the corrective actions that may need to be taken to bring the project in line with the plan also costs money. on the other hand, penalties are usually...

Risk response planning is one of the main phases in the project risk management and has major impacts on the success of a large-scale project. Since projects are unique, and risks are dynamic through the life of the projects, it is necessary to formulate responses of the important risks. The conventional approaches tend to be less effective in dealing with the impreciseness of risk response p...

risks mean cases of uncertainty of project, the impact of which is realized as a threat (negative aspect) and/or opportunity (positive aspect). the traditional viewpoint on risk is a negative viewpoint that implies damages, loss and harmful consequences. judgments such as this on risk merely emphasize on risks management and pay less attention to opportunities management. it is clear that some ...

People in different societies and different economic, political environments perceive and evaluate risks of large and complex projects in significantly distinctive ways. This chapter demonstrates ways of identifying and analyzing risks in large projects using case studies of mining projects in Mongolia. According to the Project Management Body of Knowledge (PMBOK), composed by the Project Manag...