Problems in Current Approaches for Risk Identification and Risk Analysis

Tauqeer Hussain · 2017

Software development projects cannot be a success without effective project management. Risk management has been recognized as an integral part of project management as well as of software engineering process models. Risk management comprises of a number of processes and there are various techniques or approaches available in literature and in practice to carry out those processes. This paper reviews a few of these commonly used techniques for two of these processes namely risk identification and risk analysis. Risk analysis can be further categorized as qualitative and quantitative and we have reviewed techniques for both of these categories. After the review, we identify the problems that need to be resolved in the techniques presented in this paper. These problems become more profound in large software development projects. It is expected that this paper will motivate researchers to find solutions to these problems so that the area of risk management can become more effective especially for large projects.

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