An approach to facilitate software risk identification

Literature survey proved that risk identification is the first and most important step of software project risk management. Research is still in progress to introduce best methods for managing software project risks to increase the success ratio. This paper presents the results of industry survey based on the opinion from different software houses regarding the facts that could provide the foundation to facilitate software risk identification to enhance the effectiveness of software risk management, and could lay the foundation to incept data warehousing. The purpose of introducing a data warehouse for software risk management is to facilitate the vendors and clients of software projects to be aware of all the risks that could be identified in a project and mitigation actions to treat those risks, on the basis of past experiences by different companies regarding identified risks and practiced mitigation actions. Proposed idea is discussed in detail on the basis of survey results.