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Overview of Risk Management in Software Project Development

Author(s):

Varshil Anavadia , VIT University, Vellore; Utkarsh Bharagava, VIT University, Vellore; Tanya Sangal, VIT University, Vellore; Devyani Jivani, VIT University, Vellore; Prof. Ramesh Babu, VIT University, Vellore

Keywords:

Software Project Development, Project Management, Risk Management

Abstract

This paper explores the concept of software development consisting of multiple collaborating units that introduce challenges and risks causing failure in project development even when risk monitoring is controlled. Software project risk management consists of risk identification; analysis and mitigation methods which help project managers either entirely avoid or curb the repercussions of the risks encountered during development of a project. The risks may have been identified on other projects as well as in earlier stages or tasks of the current project. The main objective of the paper is to present an overview of the specifics of risk management and discuss existing risk management systems and further provide the future work to be done.

Other Details

Paper ID: IJSRDV4I90180
Published in: Volume : 4, Issue : 9
Publication Date: 01/12/2016
Page(s): 203-207

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