RISK MANAGEMENT

The term risk is defined as the potential future harm that may arise due to some present actions . Risk management in software engineering is related to the various future harms that could be possible on the software due to some minor or non-noticeable mistakes in software development project or process.

“Software projects have a high probability of failure so effective software development means dealing with risks adequately . Risk management issue is generally managed by Software Project Management (SPM).

During the life cycle of software projects, various risks are associated with them. These risks in the software project is identified and managed by software risk management which is a part of SPM.

Some of the important aspects of risk management in software engineering are :