Abstract— Software development projects are subject to risks like any other project. Software development is subject to unique risks which can be mitigated through effective risk management techniques. Risks are unavoidable and must be managed. Successfully managing risks assists developers in completing the project on time and on budget. Strategies selected to manage risk may result in a better product than originally anticipated. Identifying, analyzing, tracking, and managing software risk aids crucial decision making including release readiness. Software project suffers from many problems like high computational cost, higher delay time in designing the projects, not meeting the actual need of the user, and many systems are being unutilized. These problems are solved using the software risk management which helps the software developer to identify, analyze, and accordingly deal with software risks items.
Software risk management is also an attempt to define and formulate the risk oriented connection of success into a definite set of methods and techniques. Global Software development is learning and individuals escalated action. Individuals in such gatherings must work together, convey, and coordinate their work, which makes learning management a need. Point of the fact, little and stable associations where workers are inside an arm’s compass of one another can most likely make without information management. In any case, for associations that are huge and appropriated, whose environment is consistently changing, or have a high turnover, dealing with their information stakes are basic for survival.
This Paper focuses on a pilot survey carried out at small software firms and results of employees are recorded and analyzed with help of IBM SPSS.
Keywords— Risk Management, management & computational cost.
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