Prompt List for Risk Management in Sri Lankan Software Industry

Sound risk management is of crucial importance in software projects. As an emerging industry in Sri Lanka, software companies should focus on the proper risk management techniques. Unfortunately a large number of companies fail to achieve their project objectives. To avoid such situations, it is important for organizations to identify the main risks and take appropriate risk response actions. In this context, it is important to identify the prominent risks prevalent in Sri Lankan software industry and devise possible risk management strategies to respond to them. A prompt list is very useful in this situation. In this paper we propose such a prompt list tailored for the emerging software industry in Sri Lanka. Prompt lists, is a popular tool used in engineering to stimulate specific risk identification. It will ensure that the team will not miss out those risks that were important in the past. Preparing a prompt list for risk identification in Sri Lankan software industry and prioritizing the identified risks are the main objectives of this paper.