A Simulation-Based Approach to Software Project Risk Management

Abstract

For most software development environments, software aids/automated tools for managing risk factors in software development projects are not available with a generic label. However, a generic class of computer-based automated tools, called ROI (risk on investment) analysis tools is available, yet, these tools lack features specific to software project risk management. As a matter of fact these tools have been developed with multi-person multi-activity engineering projects as target applications in mind. This paper describes a simulation based software project risk management tool which helps manager to identify high risk areas of software process and software product and plan, organize and manage the software development project in a judicious way.