Skip to main content

Software Project Risk and Opportunity Management

  • Chapter
  • First Online:
Software Project Management in a Changing World

Abstract

Risk is an uncertain event or condition that has a positive or negative effect on project objectives. Risk management includes the processes of planning, identification, analysis, resource planning, and controlling risk in a project. This chapter focuses on recent insights and approaches within risk management. A positive counterpart to risk management has emerged, called opportunity management. The duality between the two concepts is explained, and the fundamentals of risk–opportunity management are discussed. Furthermore, risk and opportunity management methods, processes, and tools are presented.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 39.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 54.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 54.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  • AT&T (1993) Best current practices: software architecture validation. AT&T, Murray Hill, NJ

    Google Scholar 

  • Boehm B (1991) Software risk management: principles and practices. IEEE Softw 8(1):32–41

    Article  Google Scholar 

  • Boehm B (1996) Anchoring the software process. IEEE Softw 1996:73–82

    Article  Google Scholar 

  • Boehm B, Bhuta J (2008) Balancing opportunities and risks in component-based software development. IEEE Softw 15(6):56–63

    Article  Google Scholar 

  • Boehm B, Ingold D, Dangle K, Turner R, Componation P (2009) Early identification of SE-related program risks. SERC Technical Report RT-EM

    Google Scholar 

  • Boehm B, Lane J, Koolmanojwong S, Turner R (2013) An evidence-based systems engineering (SE) data item description. In: Proceedings, CSER 2013, Elsevier

    Google Scholar 

  • Boehm B, Lane J, Koolmanojwong S, Turner R (2014) The incremental commitment spiral model: principles for creating successful systems and software. Addison-Wesley, Reading, MA

    Google Scholar 

  • Bullock J (2000) Calculating the value of testing. Softw Testing Qual Eng (May/June):56–62

    Google Scholar 

  • Canada R (1971) Intermediate economic analysis for management and engineering. Prentice-Hall, Englewood Cliffs, NJ

    Google Scholar 

  • Charette R (1999) The competitive edge of risk entrepreneurs. IEEE IT Prof 1:67–71

    Google Scholar 

  • Conrow E (2003) Effective risk management: some keys to success, 2nd edn. AIAA, Reston, VA

    Google Scholar 

  • INCOSE (2012) System engineering leading indicators guide, version 2.0. INCOSE-TP-2005-001-03

    Google Scholar 

  • Kahneman D, Tversky A (1979) Prospect theory: an analysis of decision under risk. Econometrica 47(2):263–292

    Article  MATH  Google Scholar 

  • Kruchten P (1999) The rational unified process. Addison-Wesley, Reading, MA

    Google Scholar 

  • Li Q, Shu F, Boehm B, Wang Q (2010) Improving the ROI of software quality assurance activities: an empirical study. In: Proceedings of international conference on software process (ICSP 2010), Paderborn, Germany, Jul 2010, pp 357–368

    Google Scholar 

  • Maranzano JF, Rozsypal SA, Zimmermann GH, Warnken GW, Wirth PE, Weiss DM (2005) Architecture reviews: practice and experience. IEEE Softw 22:34–43

    Article  Google Scholar 

  • Neumann P (1985) Risks to the public in computers and related systems. Softw Eng Notes. ACM SIGSOFT, 1985-continuing

    Google Scholar 

  • Pyster A et al (2013) Guide to the systems engineering body of knowledge, risk management. http://sebokwiki.org/1.1.1/index.php?title=Risk_Management. Retrieved 16, 2013

  • Royce WE (1998) Software project management. Addison-Wesley, Reading, MA

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Barry Boehm .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2014 Springer-Verlag Berlin Heidelberg

About this chapter

Cite this chapter

Boehm, B. (2014). Software Project Risk and Opportunity Management. In: Ruhe, G., Wohlin, C. (eds) Software Project Management in a Changing World. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-55035-5_5

Download citation

  • DOI: https://doi.org/10.1007/978-3-642-55035-5_5

  • Published:

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-55034-8

  • Online ISBN: 978-3-642-55035-5

  • eBook Packages: Computer ScienceComputer Science (R0)

Publish with us

Policies and ethics