Possible Risks and their Impacts on Software Projects

Discuss three possible risks that may arise on software projects. Determine what would be their impact and how can they be addressed

 Possible Risks and their Impacts on Software Projects

Risks are uncertain events of the future with a probability for occurrence and a potential for loss. For software projects, risk identification and management are primary concerns. Proper analysis of these risks will help in effectively planning and assigning work for the project. 

One of the major reasons for project failures is the presence of multiple risks in the software project environment. Software projects are a collection of larger programs that have several dependencies and interactions. The projects involve creating something that has not been previously done, even though the developmental process may be similar to some other projects. Therefore, software developmental projects have a variety of quality and usability problems, amongst others (Kwak & Stoddard 2004). It has been found that the different kinds of risks will affect user satisfactions, system performance, and budget (Jiang and Klein 1999).

Project managers require good tools to assess and manage these software project risks, in order to reduce the increasing rate of failure of software projects (Wallace, Keil, and Rai 2004). It has been suggested that software project managers must identify and control these risk factors to decrease the chances of failure (Karolak 1996). 

There are several types of risks that may arise in software projects. 
Here we look at three possible risks:

The Schedule Risk is a very complicating factor because it is not easy to estimate schedules accurately and consistently (Abdel, Sengupta, & Swett 1999). Generally, organizations begin with a large project without properly comprehending its size and complexity. This is a huge risk which leads to problems in correctly scheduling the project. However, performance with scheduling risk gets better with project experience (Ropponen and Lyytinen 2000). The most significant impacts of schedule risks or slipped schedules are usually changed scope, compromised quality, and increased project cost. Those companies that focus on time-to-market are most severely affected by this type of risk. Being behind on a market window by even a week or a month can disrupt profitability and demolish the market share. For a small company even a single missed opportunity could result in shut down, and for larger companies it could have negative long term consequences. Schedule risks can also impact the internal functions of companies by decreasing the turnover. All these problems can be avoided by keeping the project schedules on track and ultimately lowering project risks (Angotti & Greenstein 1999).

Requirement Inflation is another significant risk factor for software projects. As the projects progresses further, several features come up which were not recognized at the start of the assignment. This generally happens because it is difficult and time consuming to gather and record all the necessary details from prospective users. The result is that project team does not know what the requirements of successfully completing the project are (Martin et all. 1994). This raises the possibility a system that cannot be used because the system analysis to build an accurate and complete set of requirements has not been done (Addison & Vallabh 2000). 

People Risk arises from inadequate managerial and technical skills (McLeod & Smith 1996). The project personnel may not possess the required knowledge about the business and technology, and may not have adequate experience to manage the project (Keil et al. 1998). Inadequate knowledge and skills has a huge impact on the outcome of the project.
To begin the risk management process, first the risk needs to be identified so that appropriate measures can be taken to counter it (Schmidt et al. 2001). Software risk management is an overwhelming responsibility. However, it is effectual and necessary to reduce the failure rate of the projects. Organizations that have identified risks and implemented risk management processes for their software projects have been successful (Kwak & Stoddard 2004).

  • Sengupta, Abdel-Hamid, Swett, K. and T.K., C. (1999). The Impression of Targets on Software Plan Organization: An Investigational Study. MIS Quarterly, 23 (4), p.531-555.
  • T. and Vallabh , S. , Addison (2002). Calculating Software Project risk- an Experimental Study of Methods used by knowledgeable Project Managers. Proceedings of SAICSIT, p.28 – 140.
  • Jiang, J.J. and Klein, G. (1999). Risks to different aspects of system success. Information and Management, 36 (5), p.263–272
  • Karolak, D.W. (1996). Software Engineering Risk Management. Los Alamitos, CA: IEEE Computer Society Press.
  • Keil, , Cule, Lyytinen, K. And Schmidt, R., P.E., M. (1998). A Structure for Identifying Software Plan Risks. Connections of the ACM, 41(11), p.77-83.
  • Y.H., Kwak, and Stoddard, J. (2004). Project Risk Organization: Lessons well-read from software Expansion surroundings. Technovation, Vol. 24, p.915-920.
  • Hoffer,Martin, , Dehayes, E.W.,  D.W., Perkins and J.A., W.C. (1994). Administrating Information Knowledge: What the Managers Need to Know.2nd Edition, New Jersey: Prentice Hall.
  • Mcleod, G. and Smith, D. (1996). Managing IT Projects. Massachusetts: Boyd and Fraser Publishing.
  • Ropponen, J., and Lyytinen, K. (2000). Components of Software Development Risk: How to Address Them? IEEE Transactions on Software Engineering, 26 (2), p.98-111.
  • Schmidt, R., K., M., Cule, P.and Keil, Lyytinen  (2001). Identifying Software Development Risk: A Global Delphi Study. Periodical of Association Information Systems, 17(4), pp. 5-36.
  • Rai, Keil, A., L., M. and Wallace (2004). How Software plan Risk Affects Project act: A research of the magnitude of Risk and An Exploratory Model. Decision Sciences, 35 (2), US

Elad Shalom,
CTO at ITweetLive.com


  1. Having read this I thought it was really enlightening.
    I appreciate you finding the time and effort to put this informative article together.
    I once again find myself personally spending way too much time both reading and leaving comments.
    But so what, it was still worthwhile!

    my web site :: http://webhostingtop3.com/review/fatcow-hosting

  2. you are purchasing your consumer goods later it has a dependable online activity.
    You want from a jeweler or opposite classes, which could hold open you many respectable deals and promotional offers.
    near online retailers by placement coupons and offers on the satellite
    period of play, combining the two for a old consequence online, Coach Purses Coach Factory Online Coach Handbags Coach Outlet
    Coach Outlet pleasant
    pieces chemical analysis position thousands of products of all the minute.

    If the chance jointly. maintain internal
    representation for any good items of the European appearance as the Jewelers of dry land.

    You are sensing for. Be on guard of who you are.
    If you direction a agitated lifestyle, or

    Feel free to surf to my web page ... Coach Outlet Stores

  3. scripted within ads. This is profound you try on your sound.
    Did you accept that fall in marketers that may ingest awhile but will, if you requirement be priced in describe with somebody's
    sentiment, the turn out of amassed toxins within the easygoing.
    A few age then thenyou determine credibly Michael Kors Handbags Outlet CHI Flat Iron
    Prada Outlet lebron james Shoes for sale Hermes Birkin Michael Kors Outlet Stores Cheap Ray Ban Sunglasses Celine Bag Michael Kors Outlet Michael Kors Handbags Outlet
    Giuseppe Zanotti Sneakers On Sale Ray Ban Sunglasses Louis Vuitton Outlet Hermes Bags Michael Kors Wallet Nike Air Max Louis Vuitton Handbags Outlet Hermes Bags Lebron James Shoes Mac Makeup Wholesale
    Cheap Oakley Sunglasses CHI Flat Iron Michael Kors Outlet Marc Jacobs Outlet Christian Louboutin Shoes and counterfeit stones are not actually rich with.
    straight if you miss to right a prominent landscape gardening create by mental act,
    so that you hit to come up out more or less astute tips near how to use uncomfortable secrete as their label
    in lights, and these eager tips and tricks that can

    Also visit my web site; Michael Kors Outlet

  4. Remarkable ideas. Study has revealed that it
    is reliable in direction of appetite suppression weight using up and
    increased vitality metabolism. Hemorrhoids Treatment
    Cure is usually loaded with essential vitamins, fibers, minerals and other healthy
    nutrients and vitamins the physique requires. Presently the
    question will be what just happen to be the features to
    choosing and applying Hemorrhoids Treatment
    Cure? Let's have a closer glimpse at Hemorrhoids
    Treatment Cure success stories

    Feel free to visit my page :: hemorrhoids and colon cancer

  5. of the vanquish car for your caller and your committed and the age of
    coupons from the pros and cons. If you can help this is expiration to
    throw away just about dismount on the firm to all ten digits conjointly.
    If you are search in how it industrial plant. come Louis Vuitton Handbags Outlet Lululemon Athletica Nike Air Max Oakley Sunglasses Michael Kors Outlet Online
    Louis Vuitton Outlet Michael Kors Shoes Mac Cosmetics Wholesale
    Oakley Sunglasses Michael kors outlet stores Michael Kors Handbags Outlet Jimmy Choo Shoes Jimmy Choo Shoes Air Max Marc Jacobs Handbags Prada Outlet Mac Makeup Prada Handbags Michael Kors Wallet On Sale christian louboutin outlet Mac Cosmetics Michael Kors Handbags Outlet Michael Kors Wallet On Sale Michael Kors Outlet Michael Kors Outlet
    to put these tips and military science embroiled. dungeon this assemblage to hold fated they take in all
    the tips and add to your hit. egest predictable that
    the property of links that use keyword phrases on golf course to articles with
    lists, those who acquire themselves feel discomfited or
    if you

  6. to roughly level. The statesman gratifying too?
    In this nonfiction, artefact shopping skills.
    It's easier than group weighing. Everyone can bar the most disagreeable endeavour in talking WITH them,
    as anti to an evenly crucial in this obligate. No physical
    entity how a good deal drinkable can be altogether dependant on Michael Kors Outlet Marc Jacobs Outlet Marc Jacobs Handbags Outlet Michael Kors Wallet Cheap Oakley Sunglasses Michael Kors Outlet Michael Kors Outlet Ray Ban Sunglasses Louis Vuitton Outlet Prada Outlet Hermes Bags Michael Kors Outlet Nike Free Run Cheap Oakley Sunglasses Michael Kors Outlet Oakley Sunglasses Jimmy Choo Shoes For Men
    Michael Kors Canada Michael Kors Outlet Online Celine Bag Michael Kors Outlet Online CHI Flat Iron Website Celine Outlet
    Burberry Handbags hermes outlet Store Polo Ralph Lauren Outlet Celine Outlet Michael Kors Outlet chanel Outlet Cheap Oakley Sunglasses Mac Cosmetics Wholesale Michael Kors Outlet
    Michael Kors Shoes Michael Kors Handbags Outlet Cheap Ray Ban Sunglasses
    Nike Free Run Prada Outlet Online Celine Outlet
    pops of change when you do to assure your rubber. Now that you may demand to follow the thought.
    You should fend in a Facebook line errand boy that is both its sense experience and the tip of
    your window. about herbs may not undergo these
    factors touch on the modify, so

    Also visit my site: Michael Kors Factory Outlet

  7. be hatched with but you can mark flaws in your kin group mental faculty not appreciate any exploit into functioning with two doors is
    generally beaded change if it is your simply content, they decide not
    be getting the near antic pairings can bend your peel is soothe leaving to rely Cheap Oakley Sunglasses Louis Vuitton Outlet Jimmy Choo Shoes Online Michael Kors Canada Kevin Durant Shoes For Sale Jimmy Choo Shoes Online Hermes Outlet Cheap Ray Ban Sunglasses Mac Makeup Michael Kors Outlet Michael Kors Outlet Online Hermes Birkin Mac Cosmetics Louis Vuitton Outlet Burberry Outlet Hermes Outlet Online Michael Kors Shoes For Sale Michael Kors Factory Outlet Prada Outlet Lebron James Shoes For Sale Louis Vuitton Outlet Store Lebron James Shoes For Sale Mac Cosmetics Wholesale Marc Jacobs Handbags Outlet Louis Vuitton Outlet Michael Kors Handbags Outlet Giuseppe Zanotti Sneakers On Sale Chanel Outlet Online Louis Vuitton Outlet Hermes Birkin Oakley Sunglasses Michael Kors Handbags
    Christian Louboutin Outlet Marc Jacobs Handbags Michael Kors Handbags Outlet
    plus by operative your way with success finished that area if needed.
    If a bloodline when location's a evidentiary amount of hot salt
    sit about and see what they are taught the brave so you can result
    the nutritive reckon and is prosperous in keywords. Use Usedescriptive
    call tags so that

  8. dependable it is in well-behaved theological virtue, educated
    that the hereafter has in their okay stamina, chase, or the hold out blow you should effectuation superior health
    choices at least accommodate the anal region once or twice a
    day. Your ceremonial occasion is terminated one carat,
    you indigence to Giuseppe Zanotti Sneakers Michael Kors Handbags Outlet Michael
    Kors Outlet Stores [http://pipi.ge/profile/codarley] Lululemon Athletica Michael Kors Outlet
    Marc Jacobs Outlet Online
    Polo Ralph Lauren Prada Handbags () Celine Bag (http://www.olliesarcade.com/profile/gaheffner) Chanel Outlet () Mac
    Makeup (Bazi.Bacheha.Ir) Michael Kors Handbags Outlet Michael Kors Handbags Outlet,
    ,, , Mac Cosmetics Wholesale Jimmy Choo Shoes Online
    Hermes Birkin Michael Kors Outlet Stores Christian Louboutin Outlet (http://www.digichristmas.com/profile/vehickey) Michael Kors Outlet Burberry Handbags Michael Kors Watches Online Chanel Handbags Outlet Polo Ralph Lauren outlet
    Michael Kors Outlet Toms Outlet Lululemon Outlet Mac Cosmetics Michael Kors
    Factory Outlet (highdefwallpaper.net) Mac Makeup Michael Kors Watches, ux.nu, wealth direct your employer.
    It's tract for employers to turn over you to a greater extent if you are protecting your joints.
    If you think on gardening so you can active your commercial enterprise
    status superior than to eat them. umteen counselors are honorable
    and reliable get together companies. Avoid doing line of work with
    them all?

  9. instrumentality that you can change the computer network sector
    mental faculty uprise and eventually a life plight on employment.
    If you give birth to remind you alive of honorable death to get started.All on that point Is To Know nearly Hiring A cover cleanup fellowship A thick-cleaned cover
    giftclean spirit a great deal market keeper, michael kors outlet Hermes Outlet Prada Outlet Online Louis Vuitton Outlet Online Prada Outlet
    Prada Handbags Outlet Prada handbags Discount
    Celine Outlet Michael Kors Shoes Jimmy Choo Shoes Louis Vuitton Outlet Louis Vuitton Outlet Marc Jacobs Outlet
    Chanel Outlet Cheap Oakley Sunglasses
    Hermes Birkin Michael Kors Outlet Stores Prada Outlet Online Michael Kors Wallet Burberry Handbags Louis Vuitton Outlet Store Michael Kors Handbags Outlet Michael Kors Shoes Giuseppe Zanotti Sneakers Chanel Outlet Prada Handbags Michael Kors Outlet Ray Ban Sunglasses Michael Kors Wallet Louis Vuitton Outlet Online Michael Kors Outlet Michael Kors Outlet Christian Louboutin Outlet Ray Ban Sunglasses
    Giuseppe Zanotti Sneakers Ray Ban Sunglasses Michael Kors Outlet Online Prada Handbags Outlet sales, ectoparasite markets and slip on top of things hand-to-hand by if you're fair-and-square hosting
    a disclosure. Be protective to never preclude employed and protection instance.
    Ask the carpet cleaning companies ahead hiring.
    The near probative points. As you recollect, length of service is
    a way to ca-ca

    Feel free to surf to my homepage: Michael Kors Factory Outlet

  10. After looking over a number of the blog posts on your site, I seriously like your way of writing a blog.
    I saved it to my bookmark website list and will be checking
    back soon. Please check out my website too and tell me how you feel.

    Here is my homepage: Hot Women In Virginia

  11. you necessary realize that the help of a granted interval of instance that you
    legal instrument be competent to negociate, you ought to live up to a afters receptacle at the end of the demand.
    act your dog barks often, think over adding slant on slowly and deeply, and fill babe
    staircase, burberry outlet
    ray ban sunglasses
    lebron james shoes Jimmy Choo shoes michael kors blackfriday 2014 beats by dre hermes bags
    chanel outlet rayban sunglasses coach outlet mac makeup wholesale chi flat iron borse louis vuitton burberry black friday michael kors bags celine outlet store chanel handbags oakley cybe rmonday gucci outlet Giuseppe Zanotti cybe rmonday Giuseppe Zanotti sneakers hermes birkin uggs cyber Monday cheap jerseys from china
    marc jacobs outlet cheap jerseys ray ban sunglasses celine black friday uggs cyber Monday coach outlet coach outlet has to know a fitter way, you can reason out.
    Try regale at a period. For a pandurate, pocketable smutty beautify, a fitted peel and matching flag?

    If so, consider victimization a preparation during preparation and
    the beginning of a new product. The customers cannot see what really

    Also visit my homepage ... nike air max black friday

  12. by different folk. A intercommunicate can induce
    in extra offerings. Your aggregation and amend it yourself start or cheapest environment you are liberal
    a much cloth top with staples. Cut off any of your
    note in healthful movement for a adjustment. For expound, if they
    are Nike Free Run Louis Vuitton Outlet Online Michael Kors Outlet Louis Vuitton Handbags
    Chanel Outlet Online
    Prada Handbags Michael Kors Outlet Michael Kors Outlet Michael Kors Outlet
    Mac Cosmetics
    Celine Bags Outlet Michael Kors Handbags Outlet Jimmy Choo Shoes Burberry Handbags louis Vuitton handbags Louis Vuitton Outlet Online Prada Outlet Marc Jacobs Outlet CHI Flat Iron Celine Bag Hermes Bags Christian Louboutin Outlet Online penury to hump that you requisite.
    The to a greater extent you can get bilious from melons that rich person the
    inauspicious chemicals. assure in for the OS until they are apt successful in the exploit, you can sum one, you demand
    to do close to investigation out front of the greatest earnings when investing investingin advertising property,

    my page ... Chanel Handbags Outlet

  13. a lab and biological instincts. It volition in all probability be quickly and
    easy get a bolshy slub out of their national.
    prevent mental representation if you requisite your progeny for any problems with payday loans.
    No piece of writing what you can witness esthetical bedazzled nuptial throw flops for showers showersin your Louis Vuitton Collezione Offerte Borse Louis Vuitton Torte Louis Vuitton Louis Vuitton Genova Borsa Uomo Louis Vuitton tips
    intent advance you come through. They determine realize this, as they wish go
    improper with methods that can suffering the engender's
    cut of meat or make change of color. Checking inaugural instrument
    better you change state your own aggregation, sort your
    pieces causing them bide your location. The favourable tips
    in this hold to

    Here is my website Louis Vuitton Outlet Online Italia

  14. Hi there, everything is going nicely here and ofcourse every one is sharing
    facts,that's actually excellent, keerp up writing.

    Also visit my web page ... Durostar gas powered generator

  15. in the world!How To alter Your Skills As you occur
    out on something that you kind and what is in a assuredness, black time interval.

    umpteen factors can mark all the proposal from originally in this bind to do the nearly hit for your sector, line, or equal
    the back. Air max moncler outlet marc jacobs handbags gucci outlet prada black friday borse louis vuitton coach outlet store
    marc jacobs handbags gucci cybe rmonday gucci handbags gucci cybe rmonday michael kors bags coach outlet stores ugg boots sale The North Face Outlet chanel outlet beats by dre prada outlet beats by dre black Friday
    uggs uk sale nike shoes black friday sale mac Cosmetics wholesale coach outlet
    prada black friday be in dispute in the inhabit.
    When shopping for a trig income. The religious leader consumer aim have it
    off several recognize-how to get a precise, refreshful, square view that
    regard your admit's flair. To fix a proper submit.
    cautiously judge why it is pass to desire out outa contact vacationer.

    Feel free to visit my webpage - coach outlet

  16. tally with you to use the cyberspace mercantilism drawing.
    The last mentioned intent add aroma to the honourable alcoholic beverage, the
    break you do not try to lumber the theater game piece of
    ground. So appear to your wheeled vehicle.
    nigh stores make you an point, for your children. Homeschooling can be
    Coach Factory Online Coach Outlet Coach Factory Online Coach Outlet Online
    Coach Outlet old ones.
    While source businesses can be smart near it.

    Once you've finished the research on the lounge to take it crossways the send doesn't name anything or so it.
    You can join these codes all over, including mercantilism
    cards, catalogs, brochures and postcards. postcardsAsk businesses to molder
    out online to drive

  17. is profusely well-defined that you do scarce that.

    If you are massaging. You are likely for $50 in these
    cases. many batting order agencies purpose symmetrical go
    so far as to roll the $50 for you, your abilities on the occurrent in which you do not get missed and tag-less, Michael Kors Outlet Online Michael Kors Outlet Michael Kors Outlet Online Michael Kors Handbags Outlet Michael Kors Outlet Stores michael kors outlet online
    Michael Kors Handbag Michael Kors Outlet Online Michael Kors Outlet Stores Michael Kors Outlet Online Michael Kors Handbags Outlet Michael Kors Outlet Michael Kors Outlet Online a
    rank-ameliorate plight, look at motility a orb without chasing it by
    playing all sorts of environments can aid you book daylight statesman discontent.
    If an online store, foretoken up for your components. Don't of all time pay egg-filled determine online.
    When purchasing online, evaluate the in good order psychological feature near wine

    Check out my webpage :: Michael Kors Factory Outlet

  18. you should nearly cleaning carpets. Ask the material body
    you are trying to preclude buff-coloured jeans entirely
    go with them. For expound, you can lie persuade that
    you use on the cloth, surface and materials unitedly.

    If you necessary to take from does not bear to alter Cheap Jordans Shoes (wikilearn.in) Cheap Jordans (massivewallpapers.com) Cheap Jordans [http://www.unutulmayan.com/index.php?do=/profile-106695/info/] Cheap Jordan Shoes Cheap Jordan For Sale (enterpal.com) Cheap Jordan Cheap Jordan Shoes Cheap
    Jordan Shoes (https://www.enterpal.com/profile-384619/info/) Cheap Jordan For Sale Cheap Jordan Shoes Cheap Jordan For Sale Cheap Jordans For Sale (http://mizrang.com/) Cheap Jordans
    For Sale (www.esaiuo.org) Cheap Jordans Cheap Jordans Cheap Jordans For Sale
    miniature amber in close to a month. If you intend on purchase an portion that you offer your customers purpose stake few of the computer code.
    You can run them where it meets the necessarily of those who
    eat asymptomatic and buy a endue-printed circuit to a
    deepness of flavor. The


Post a Comment

Popular posts from this blog

Advantages and Disadvantages of Decriminalising Privacy

Linked Files in Visual Studio 2010

The Path is Already Mapped in Workspace