Financial Analysis Analogies for Software Risk

Authors: Masood Uzzafer

Abstract:

A dynamic software risk assessment model is presented. Analogies between dynamic financial analysis and software risk assessment models are established and based on these analogies it suggested that dynamic risk model for software projects is the way to move forward for the risk assessment of software project. It is shown how software risk assessment change during different phases of a software project and hence requires a dynamic risk assessment model to capture these variations. Further evolution of dynamic financial analysis models is discussed and mapped to the evolution of software risk assessment models.

Keywords: Software Risk Assessment, Software ProjectManagement, Software Cost, Dynamic Modeling.

Digital Object Identifier (DOI): doi.org/10.5281/zenodo.1075771

References:

[1] Casualty Actuarial Society, Dynamic Risk Modeling Handbook, www.casact.org/research/drm
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[4] Richard Fairley, Risk Management for Software Projects, IEEE Software, vol. 11, issue 3 Pages 57 - 67, May 1994.