Managing the Risks: An Evaluation of Risk Management Processes

An effective project management is critical while developing software systems. Software development often involves the use of new technology, challenging requirements, and tight schedules or budgets, all making it particularly prone to several types of risks. This paper will represent the need of ef...

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Bibliographic Details
Main Authors: Samad, J., Ikram, N.
Format: Conference Proceeding
Language:English
Subjects:
Engineering management
Guidelines
Programming
Project management
Risk management
Scheduling
Software development management
Software standards
Software systems
Standards organizations
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Summary:An effective project management is critical while developing software systems. Software development often involves the use of new technology, challenging requirements, and tight schedules or budgets, all making it particularly prone to several types of risks. This paper will represent the need of effective risk management process in development of different projects with a focus on its importance in software systems. In this paper different risk management processes will be studied and their evaluation against the IEEE standard for risk management will be presented to highlight their strengths and weaknesses.
DOI:10.1109/INMIC.2006.358178