Risk management in software development

Abstract

This dissertation discusses risk management in the context of software development. It commences by investigating why so many software development projects fail. It then focuses on approaches to software development that emerged as attempts to improve the success rate. A common shortcoming to these approaches is identified, namely that they only cater for the tasks that need to be done, ignoring possible unexpected problems. After having motivated the need for risk management, the framework for a risk management methodology is discussed, outlining the steps in the risk management process. Decision-making guidelines and best practices follow, as well as a discussion about the way they should be implemented as part of the risk management effort. Guidelines are provided for the implementation of risk management as part of software development. Finally, the risks that may cause the failure of the implementation of risk management are identified and guidelines provided to address them.