Frameworks for risk management in GSD projects: A survey

To reduce the high failure rate of software projects, managers need better instruments to assess and manage software project risk. In order to create such instruments, however, researchers must first develop a better understanding of the dimensions of software project risk and how they can affect project performance. The first task in risk management is to identify these risks then to counter them using one of four response strategies namely Share, Avoid, Reduce or Accept (Mnemonic: SARA). The aim of this paper is to present a survey of the current available frameworks in literature for risk management in global software development projects. The selected two frameworks are analyzed and a comparison between them is made.