Risk Management for IT and Software Projects

This paper discusses three risk management frameworks and illustrates with examples the importance of sound operational preparation of each step in the risk management process.

(Dated Material


Abstract: Risk Management can be defined as a systematic process for identifying, analyzing and controlling risks in projects or organizations. Definitions and illustrations of risks are given especially by a list of ten risk factors, which occur most frequently in IT and Software projects.

For complex, high-risk projects it is very useful to implement a formal risk-management process, supported by effective methods in the individual process steps. As variants, risk-management processes according to Barry Boehm, Ernest Wallmüller and Jyrki Kontio are presented.

The importance of a sound operational preparation of each step of the risk-management process is emphasized and illustrated by examples.

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Posted on 07/25/2011 by


Risk Management for IT and Software Projects author sourabhhajela

sourabhhajela




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