SOFTWARE PROJECT FAILURE AVOIDING THROUGH RISK ANALYSIS AND MANAGEMENT

Authors

  • Mohammad Ibraigheeth Bethlehem University

Abstract

Software project failures can have undesirable effects, including financial loss, operational disruptions, and compromised safety. To address these challenges, effective risk analysis and management are essential. This paper presents a review of the literature on software project risk management, focusing on various aspects crucial for avoiding project failures. This paper begins with an exploration of risk classification systems, highlighting how categorizing risks can aid in better understanding and managing them. It then explains the risk assessment process, detailing key stages such as risk identification, classification, analysis, planning, tracking, control, and communication. The paper also investigates risk response strategies, such as avoidance and transmission, evaluating their effectiveness in different scenarios. Additionally, it addresses the importance of aligning risk management practices with established standards, specifically the IEEE Software Failure Standards. These standards offer a framework for identifying and addressing potential points of failure, ensuring that risk management strategies adhere to industry benchmarks.

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Published

2024-08-19

Issue

Vol. 2 No. 2 (2024): Journal of Intelligent Systems and applied data science (JISADS)

Section

For Authors

License

Copyright (c) 2024 Mohammad Ibraigheeth

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