RISK MANAGEMENT IN SOFTWARE PROJECTS
How risks are (not) managed in software development projects Cover Image

RISK MANAGEMENT IN SOFTWARE PROJECTS How risks are (not) managed in software development projects
RISK MANAGEMENT IN SOFTWARE PROJECTS How risks are (not) managed in software development projects

Author(s): Zoran Ereiz
Subject(s): Business Economy / Management, ICT Information and Communications Technologies
Published by: Internacionalna poslovno – informaciona akademija
Keywords: risk management; project; software; PMI; PMBOK; risk register; Agile; Scrum; risk management plan;

Summary/Abstract: By definition, risk is the probability and impact of an adverse event. To mitigate risks, they should first be identified. Once risks are identified, the next step is to classify them in some way and then to prepare a risk mitigation plan. Risk management is an important, but often neglected, part of any project. Project managers are more likely to pay little attention to risk management and this is in particular true in software development projects where usually non-technical risks are given priority resulting in failed projects. Project managers around the world undermine the importance of technical risks or find that other non-technical risks are more important. This paper discusses various approaches in risk management and identifies some issues that need attention in risk management planning. The goal of this paper is to emphasis the importance of risk management in software projects using real-life case studies from Bosnia. A detailed risk management plan prioritizing risks and combined with new software development methods (like Scrum) could help in risk mitigation.

  • Issue Year: 3/2020
  • Issue No: 3
  • Page Range: 7-14
  • Page Count: 8
  • Language: English