Empirical Evaluation of a Risk Management Method
J. Kontio, Victor Robert Basili · 1997
This paper argues that three main obstacles for wider use of risk management technology are low awareness of the technology, limitations of existing risk management approaches, and lack of empirical evidence of the usefulness of risk management methods. This paper addresses the last two of these issues. First, we present a risk management method that attempts to avoid the limitations we have recognized in many current risk management approaches. The method, called Riskit, allows a thorough documentation of risk scenarios, uses a sound approach for ranking risks, and supports multiple goals and stakeholders. Second, we will discuss the inherent difficulties in evaluating risk management methods empirically and present an example of an empirical study that was carried out to evaluate the feasibility of the method. 1.