Identification of Risk Factors in Large Scale Software Projects: A Quantitative Study

Identification of Risk Factors in Large Scale Software Projects: A Quantitative Study

Basit Shahzad
Copyright: © 2014 |Pages: 11
DOI: 10.4018/ijksr.2014010101
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Ensuring that software process can take place without the software risks is a dream that we strive to achieve by putting in place the software management methodologies. The most important of its phases is the identification of verified risk factors that can be considered and focused to empower the software development process and decrease the potential losses and issues that cause these losses. This paper covers the identification of top rated risk factors by conducting a comprehensive survey and validates the results to identify the top ten software risk factors.
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1. Introduction

In a recent study, the top ten risk factors in a software development lifecycle were studies (Montini et al., 2014) and in a following study the most common software project success factors were also identified (Shahzad, Al-Mudimigh, & Ullah, 2010). The process of identification spans over the literature survey that spans across the valuable literature available in the domain. Until recently, the authors were in a race to identify more and more risk factors. It was believed that more identification can cause better cure against the risks as many researchers have put their efforts to identify software risks (Addison & Vallabh, 2002; Basit Shahzad, Abas Md Said, & Aziz, June 2014; Han & Huang, 2007; Mathkour, Shahzad, & Al-Wakeel, 2011; Pare, Sicotte, Jaana, & Girouard, 2008; Schmidt, Lyytinen, Keil, & Cule, 2001). The statement is true to the level that risks should be known but over emphasis on risk management that it cuts the actual development to size can't be appreciated by any means and in any circumstances. In recent past the prioritization of the risk factors has been done (Shahzad & Iqbal, 2007) and a comprehensive list has been prepared recently (Montini et al., 2014). Following risk factors were identified.

The risk factors presented in Table 1 are an outcome of the literary investigation and prioritization technique by assigning weights which are governed by the frequency of occurrence of the individual factors. A survey based methodology is considered to validate the outcome of the risk factors as shown in Table 1.

Table 1.
List of top 10 risk factors (Montini et al., 2014; Shahzad & Al-Mudimigh, 2010; Shahzad, Tanvir, & Irfan, 2005)
RankingRisk Factor
1Requirement understanding issues
2Consistently Changing scope
3Lack of management commitment
4Improper budget and schedule estimates
5Lack of skills in project personnel
6Developing the wrong software functions
7Lack of frozen requirements
8Lack of project management skills
9Un-stable user involvement
10Weak project management methodology

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