ABSTRACT

Introduction The risk management process has long been a means to manage the uncertainty that exists in all endeavors, and more to the point in projects whose goal is to provide a product with significant software content to satisfy some identified set of needs and requirements. In today’s world, where profit margins are shrinking, the competition to acquire work is significant, users and customers may have inflated views of what is possible, and the frequency and magnitude of technological change are dramatic and increasing, the management of risk is not an option. It is an absolute necessity if project success must be more than an accident.