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Applied Software Risk Management: A Guide for Software Project Managers

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Few software projects are completed on time, on budget, and to their original specification. Research supports that projects usually fail due to management, rather than technical, mistakes. Focusing on what practitioners need to know about risk in the pursuit of delivering software projects, Applied Software Risk Management: A Guide for Software Project Managers covers key components of the risk management process, current processes, and best practices for software risk identification, risk planning, and techniques of risk analysis. This book brings together concepts across software engineering with a project management perspective, presenting examples of the scientific method in risk perception, analysis, and resolution.

Risk management is a best practice in software development. It helps in creating an alert organization. Risk management is also an integral part of decision analysis. However, this best practice is not practiced in the best possible manner. A good tool is being underutilized because of certain misunderstandings and wrong expectations. This book is an attempt to clarify some risk management issues that are often misconstrued and to provide more appropriate definitions for superficially used terms.

Intended, primarily, to be a guide to those who manage projects, this book will also be of use to risk managers in establishing risk culture and a risk management procedure. They will find the draft risk procedures given in the last chapter to be a useful model. The diary of a risk manager is included to provide some insight into the implementation problem.
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