Abstract: Risk Management can be defined as a systematic process for identifying, analyzing and controlling risks in projects or organizations. Definitions and illustrations of risks are given especially by a list of ten risk factors, which occur most frequently in IT and Software projects.
For complex, high-risk projects it is very useful to implement a formal risk-management process, supported by effective methods in the individual process steps. As variants, risk-management processes according to Barry Boehm, Ernest Wallmüller and Jyrki Kontio are presented.
The importance of a sound operational preparation of each step of the risk-management process is emphasized and illustrated by examples.
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