Improvement of Risk Identification of Software Projects using Clustering Approach

2011 ◽  
Author(s):  
Ching-Pao Chang
Keyword(s):  
Risk Identification ◽  
Software Projects ◽  
Clustering Approach

scholarly journals Short –term Predication of Risk Management Integrating Artificial Neural Network (ANN)

2020 ◽  
Vol 9 (3) ◽  
pp. 2828-2833
Keyword(s):  
Neural Network ◽  
Risk Management ◽  
Software Development ◽  
Risk Mitigation ◽  
Risk Estimation ◽  
Risk Identification ◽  
Primary Study ◽  
Short Term ◽  
Software Projects ◽  
Artificial Neural Network Ann

The IT industry has boomed in the past few years with an ever increasing number of risk management applications being developed. There are inherent risks in software development projects and failure to deliver software projects within deadline or failure to develop software according to specifications can be costly. The software risks may occur during the project process. The management process of software risks consists the risk refinement, risk identification, risk monitoring, risk maintenance, risk estimation and risk mitigation. Neural Network has ability to stimulate hidden pattern recognition skill. The primary study of this paper is to focus on various risk management models and how risk tools may help in mitigating software risks during the project development. With the application of Neural Network, We propose short term risk management model which can predict the risk involvement with the upcoming project risks, analyzing from the previous projects causing serious loss in the IT project in terms of values on certain risk factors. Neural Network model can also ability to evaluate the assessment of risks in software development and acts as an effective instrument in analysis and minimizing risks that enable continuous improvement in software processes and products.

scholarly journals Defining Indicators for Risk Assessment in Software Development Projects

2013 ◽  
Vol 16 (1) ◽  
Author(s):  
Júlio Menezes Jr. ◽  
Cristine Gusmão ◽  
Hermano Moura
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Software Development ◽  
Financial Market ◽  
Management Practices ◽  
Relevant Information ◽  
Risk Identification ◽  
Systematic Mapping Study ◽  
Software Projects ◽  
Practical Result

The usage of indicators acts in both strategic and tactical levels, it is effective for optimization of processes and also supports managerial decisions. Despite the relevance of risk management in software projects, it is in fact still usually overlooked by the organizations that develop software. One reason for this fact is that the concept of risk is abstract and subjective, and its management does not bring apparent immediate practical result. Differently, for example, in the financial market, where the risk management is consolidated and widely applied, and it is currently a need for the companies that work in this field. Briefly, risk management practices just became effectively consolidated in the financial market field when the uncertainties became measurable. In this context, this paper aims to define and propose indicators that are specific for environments of software projects in order to support risk assessment activities – risk identification and risk analysis. To achieve this objective, we first developed a systematic mapping study in order to collect evidences about metrics, indicators and relevant information for risk assessment. These findings were combined with the identification of measurable risk factors, providing, thus, a set of categorized indicators for software development environments.

Editorial: controlling software projects

1986 ◽  
Vol 1 (1) ◽  
pp. 2
Author(s):  
B.A. Kitchenham
Keyword(s):  
Software Projects

Modern Approaches to the Teaching of Risk Scienceat a University

2020 ◽  
Vol 17 (5) ◽  
pp. 94-110
Author(s):  
V. V. Gamukin
Keyword(s):  
Rating Scale ◽  
Human Life ◽  
Risk Identification ◽  
Individual Risk ◽  
Professional Activities ◽  
Basic Competencies ◽  
Internal Rating ◽  
Rating Method ◽  
Intuitive Method ◽  
Numeric Rating

Purpose. Disclosure of the peculiarities of the organization of modern training of university students with a risky perception of reality in order to form basic competencies for future professional activities.Methods. As part of the study, the following were used: the systematization method, the structural analysis method and the numeric rating method.Results. The peculiarities of riskology training in the construction of an individual educational route are determined, in which the possibility of students independently choosing disciplines to realize their own interests in various fields of knowledge is used. Methods of obtaining risk identification skills from trainees are formulated. It is determined that using the intuitive method of risk formalization is the most accessible and expeditious way to remember the possibility of risks. The need to develop a sustainable habit of assessing risks in the future and in fact is justified. This skill is successfully developed using a numeric rating method. The need to develop an internal rating scale for each student is justified, which is useful for making decisions. Disclosed is a method of assimilating risk analysis skills in dynamics. This allows you to identify the development of forecast estimates in comparison with the fact for each individual risk and compile several risks.Conclusion. An educational experiment on the introduction of the Riskology discipline for students ofTyumenStateUniversity suggests that they have successfully overcome the stage of high risk of perception of reality that arose during the COVID-19 pandemic. The acquired knowledge and practical skills will ensure a similar perception of other events in their lives and professional activities. It is necessary to fully expand such practices and find an opportunity to supplement educational programs in universities, regardless of their orientation, with disciplines that directly reveal the nature of risk in human life and give them the ability to manage them.

Methodological bases and practice of risk management of regional development (part 1)

2020 ◽  
Vol 18 (2) ◽  
pp. 114-126
Author(s):  
Valery V. Karpov ◽  
Anna G. Breusova ◽  
Anna A. Korableva
Keyword(s):  
Risk Management ◽  
Regional Development ◽  
Regional Economy ◽  
Full Range ◽  
Risk Identification ◽  
Territorial Development ◽  
Public Authorities ◽  
Strategic Risk ◽  
Risk Committee ◽  
State Programs

The article is devoted to the theoretical foundations and analysis of the experience of subjects of the Russian Federation in the field of regional development risk management. The article examines the concept of risk, its difference and relationship with the concepts of uncertainty, threat, danger, security and others. It is determined that dangers are constantly present in the regional economy. And risk, as a measurable uncertainty with multiple outcomes, for which the probability of occurrence of a risk event is calculated, is manifested as a result of the occurrence of a hazard. When comparing the concepts of risk and security, this means that the security of the regional economy is manifested in the ability to resist threats and manage risks, and not in the complete absence of dangers. It is revealed that ISO standards distinguish between the concepts of risk management and risk management. For further discussion, risk management is understood as a systematic approach to using the full range of mechanisms available to public authorities to reduce emerging risks and threats to the socio-economic development of the region. Further, the analysis of risk management in the practice of regional management on the example of the Omsk, Novosibirsk and Tyumen regions is carried out. The relevant tools in the activities of government bodies, such as territorial development strategies, state programs and projects, were identified, which allowed us to introduce a classification of risks with the allocation of strategic, tactical risks of territorial development and project management risks, among which there is a strategic level. The analysis of the implemented tools for compliance with the mandatory stages of risk management showed mainly the absence of risk identification, unified requirements for risk accounting and systematic risk management of regional development. Among the assessed regions, the Tyumen region has the best practices in terms of risk management. For a more detailed analysis authors highlighted the key institutional and instrumental elements of risk management such as risk committee, strategic risk map, risk register, action plan for risk management, and defined logical relationships between them.

CONCEPTUALISING RISK CULTURE ON ERM IMPLEMENTATION IN CONSTRUCTION COMPANIES

2020 ◽  
Vol 17 (1) ◽  
pp. 59
Author(s):  
Ching Ching Wong
Keyword(s):  
Risk Management ◽  
Risk Identification ◽  
The Body ◽  
Risk Indicators ◽  
Construction Companies ◽  
Risk Appetite ◽  
Risk Culture ◽  
Risk Treatment ◽  
Managing Risk ◽  
The Relationship

Enterprise Risk Management (ERM) is an effective technique in managing risk within an organization strategically and holistically. Risk culture relates to the general awareness, attitudes and behaviours towards risk management in an organisation. This paper presents a conceptual model that shows the relationship between risk culture and ERM implementation. The dependent variable is ERM implementation, which is measured by the four processes namely risk identification and risk assessment; risk treatment; monitor and consult; communicate and consult. The independent variables under risk culture are risk policy and risk appetite; key risk indicators; accountability; incentives; risk language and internal relationships. This study aims to empirically test the relationship between risk culture and ERM implementation among Malaysian construction public listed companies. Risk culture is expected to have direct effects and significantly influence ERM. This study contributes to enhance the body of knowledge in ERM especially in understanding significant of risk culture that influence its’ implementation from Malaysian perspective.

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