Comparative Analysis and Evaluation of Existing Risk Management Software

The focus of this article lies on the specific features of the existing software packages for risk management differentiating three categories. Representative for these categories we consider the Crystal Ball, Haufe Risikomanager and MIS - Risk Management solutions, outlining the strenghts and weaknesses in a comparative analysis.business intelligence, software packages , risk management, Crystal Ball, Haufe Risikomanager, MIS - Risk Management.

Managing Software Project Risks Using Stepwise And Fuzzy Regression Analysis Modelling Techniques

software projects have a very high failure rate. This risk of failure is not always avoidable, but it is controllable. Thus, the aim of this study is to present the stepwise and fuzzy multiple regression analysis modelling, which studies the impact of different risk management techniques and different software risk factors on software development projects. Furthermore, there are 5 main phases in risk management approach such as risk identification, risk analysis and evaluation, risk treatment, risk controlling, risk communication and documentation for software development life cycle. The model incorporates risk management approach and SDLC methodology to mitigate software project failure based on quantitative and intelligent risk techniques. This study provides empirical evidence for the identification of risk factors in model identify and model software risk factors and risk management techniques that effect on successful software projects. Fifty software risk factors and thirty risk management techniques were obtained from the literature to respondents. The results show that all risks in software projects are very important in the perspective of a software project manager, and all risk management techniques are the most commonly used. The study indicates that forty nine software risk factors can be mitigated by risk management techniques according to the stepwise and fuzzy multiple regression analysis modelling techniques. The model’s predictive accuracy slightly improves in fuzzy multiple regression rather than stepwise multiple regression technique. The study has been conducted on a group of software project/IT managers in Palestine. This study will guide software managers to apply software risk management practices with the real world of software development organizations. The effectiveness of the new techniques and approaches on a software project has also been verified

Analyzing and Resolving Issues in Software Project Risk Management

In last decade the main reason for projects failure is poormanagement of software. But now a day’s most of the organizations arefocusing on software project management for making project successful.Software project management provides overall management of softwarefrom project planning phase to project execution. In software projectmanagement we also deal with risks that may occur during developmentof projects. In this paper we analyze risks during management ofsoftware and we resolve issues that come in software project riskmanagement. We introduce some approaches by which we can resolveall the issues regarding software risk management. Risk managementalso suggests us that how we can avoid risks and if risks occur then howwe can control those risks. By analyzing software risk management, wecome to know that what factors affect risk management and how we canremove them. Software risk management manages all risks efficientlyand makes our project successful

A Survey on Usage and Diffusion of Project Risk Management Techniques and Software Tools in the Construction Industry

The area of Project Risk Management (PRM) has been extensively researched, and the utilization of various tools and techniques for managing risk in several industries has been sufficiently reported. Formal and systematic PRM practices have been made available for the construction industry. Based on such body of knowledge, this paper tries to find out the global picture of PRM practices and approaches with the help of a survey to look into the usage of PRM techniques and diffusion of software tools, their level of maturity, and their usefulness in the construction sector. Results show that, despite existing techniques and tools, their usage is limited: software tools are used only by a minority of respondents and their cost is one of the largest hurdles in adoption. Finally, the paper provides some important guidelines for future research regarding quantitative risk analysis techniques and suggestions for PRM software tools development and improvemen

Risk Management Software – Standpoints of Users

The paper presents results of research related to the standpoints of users about the main attributes that risk management software should have. This research was based on a survey of appropriate number of companies in Croatia and Bosnia and Herzegovina. The authors developed the questionnaire in order to investigate the standpoints of risk managers, quality managers and others in charge of risk management, about functionality they expect risk management software should support. Namely, in today\u27s global environment, managers and risk managers across all lines of business are accountable for a sustainable risk framework. Adequate software support enables them to take an innovative, risk-based approach to governance and compliance, to gain a holistic, enterprisewide view of risk exposure and near-real-time risk management and monitoring.Software support for risk management process should enable organisations with efficient risk evaluation and assessment, continuous monitoring, reporting and easier improvement of the process. Results of research show the main attributes that risk management software should have in order to fulfill user expectations. Finally, the paper provides some important guidelines and suggestions for risk management software development and improvement. This work is licensed under a&nbsp;Creative Commons Attribution-NonCommercial 4.0 International License.</p

Risk Management Software – Standpoints of Users

The paper presents results of research related to the standpoints of users about the main attributes that risk management software should have. This research was based on a survey of appropriate number of companies in Croatia and Bosnia and Herzegovina. The authors developed the questionnaire in order to investigate the standpoints of risk managers, quality managers and others in charge of risk management, about functionality they expect risk management software should support. Namely, in today\u27s global environment, managers and risk managers across all lines of business are accountable for a sustainable risk framework. Adequate software support enables them to take an innovative, risk-based approach to governance and compliance, to gain a holistic, enterprisewide view of risk exposure and near-real-time risk management and monitoring.Software support for risk management process should enable organisations with efficient risk evaluation and assessment, continuous monitoring, reporting and easier improvement of the process. Results of research show the main attributes that risk management software should have in order to fulfill user expectations. Finally, the paper provides some important guidelines and suggestions for risk management software development and improvement. This work is licensed under a&nbsp;Creative Commons Attribution-NonCommercial 4.0 International License.</p

The Linkage Between Software Risk Management Practice and Peoject Success: Evidence from Thai Software Firms

Software risk management has been around at least since it was introduced in mainstream of software management process, in 1989 [1-3]. Review of literature has shown that there is a great deal of interest in the effects of software risk management on project success. 29 publications, from 1997 to 2009, were found in the literature review work for empirical evidence of the contribution of risk management to IT project success of Bakker et al. [8]. This research explored the relationship between the actual organizational software risk management practice and project performance success in Thai software industry. The findings of this study show that the risk management practices are positively correlated with performance success in meeting both the reliability of the application and the completion of the application within the schedule. This is different from the finding of Raz et al. [21] that project risk management practices are more correlated to schedule and budget goals than in product performance measures