January 2002
Intermediate to advanced
288 pages
6h 9m
English
Content preview from Software Project Management in Practice
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Chapter 6. Risk Management
A software project is a complex undertaking. Unforeseen events may have an adverse impact on a project's cost, schedule, or quality. Risk management is an attempt to minimize the chances of failure caused by unplanned events. The aim of risk management is not to avoid getting into projects that have risks but rather to minimize the impact of risks in the projects that are undertaken. In words of N.R. Narayana Murthy, CEO of Infosys, “Anything worth doing has risks. The challenge for a leader is not to avoid them but effectively manage them through de-risking strategies.” Improper risk management, the result mainly of the common disease of optimism, is the source of many project failures.
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