CLASSIFICATION OF SOFTWARE PROJECT RISKS
DOI:
https://doi.org/10.35546/kntu2078-4481.2023.3.15Keywords:
risk management, risk assessment, risk management plan, software development, software project risksAbstract
Modern software development faces numerous risks. IT companies must respond quickly and minimize the risk of failure to remain competitive. Software development projects have their own specifics associated with the rapid pace of development and numerous changes during it. The nature of these changes is very diverse. Risk mitigation requires identifying potential risks, assessing them, and developing a risk management plan. Risk classification, that is, the grouping of related types of risks, facilitates more effective overall risk management. It helps identify common sources of risk, combine risk resources, more accurately apply risk mitigation strategies, and manage the interrelationship of specific risks. If risks are not classified, there may be an unintentional overlap or conflict of risk mitigation work, causing problems, i.e. additional negative risks. The analysis of the literature revealed the lack of a unified approach to the classification of software development project management risks. Most existing risk classifications do not consider the specifics of software development projects, cybersecurity risks are neglected. The authors of the article analyzed the available approaches to the identification and classification of project management risks and proposed a multifactor classification of risks in software projects, which considers the specifics of the software development area. The use of such a classification will contribute to clarity and transparency in the understanding of possible consequences, a qualitative assessment of risks, creation of an effective strategy for responding to risks and their effective mitigation. Therefore, project managers need to be aware of risk categories and their role in risk management. It is useful to develop a riskresilient culture that allows the company to adapt and respond quickly when these risks occur. The systematic application of risk management methodology and its distribution throughout the organization can provide a significant competitive advantage in conditions of increasing uncertainty.
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