Industrial Opinion on the Effectiveness of Risk Management Methods

Author

Kajko-Mattsson, Mira ; Lundholm, Jan ; Norrby, Jonas

Author_Institution

Dept. of Comput. & Syst. Sci., Stockholm Univ., Stockholm, Sweden

Volume

1

fYear

2009

fDate

20-24 July 2009

Firstpage

642

Lastpage

643

Abstract

Little is known about the industrial opinion of the effectiveness of risk management. In this paper, we report on this opinion as expressed by five software organizations. According to these organizations, risk management should be a driving wheel of all projects and it should help the organizations dare take big risks in projects that might lead to high opportunities. The amount of resources assigned to risk management should depend on parameters such as product criticality, project size and project type. Finally, the organizations studied could not provide any concrete suggestions for how to evaluate risk effectiveness. All of them do risk management evaluations in a highly subjective manner.

Keywords

DP industry; project management; risk management; software development management; industrial opinion; product criticality; project size; project type; risk management; software organization; software project management; Computer applications; Computer industry; Monitoring; Project management; Quality management; Resource management; Risk analysis; Risk management; Software; Wheels; project management; risk evaluation; risk manager; subjective evaluaton of risks;

fLanguage

English

Publisher

ieee

Conference_Titel

Computer Software and Applications Conference, 2009. COMPSAC '09. 33rd Annual IEEE International

Conference_Location

Seattle, WA

ISSN

0730-3157

Print_ISBN

978-0-7695-3726-9

Type

conf

DOI

10.1109/COMPSAC.2009.96

Filename

5254197