| Summary: | Bachelor s thesis in Information Systems / Sari Kuukkanen
Jyväskylä: University of Jyväskylä, 2007, 26 pp.
Bachelor s thesis
Software projects have proven to be complex with many interactions and
dependencies. Many software projects overrun schedules, exceed their budgets,
and produce unsatisfactory outcome. Third of all software projects end in
failure and are cancelled outright. When unpredictable events arise in a project,
they can become risks, which are a threat to the completion of the project. Risk
management is a collection of methods that reduce the negative effects of risks.
By identifying risks at early stages of the product lifecycle risks can be dealt
with accordingly, which secures the successful completion of projects.
This thesis conducted as a literature review. It introduces software projects and
identifying risks in them. It offers a compact theory review for understanding
why software projects fail and how risks in software projects are identified and
assessed with risk management tools. The relevant concepts are introduced:
project, project management, risk, risk exposure, risk management, and risk
management framework. The goal of this study is to investigate special
characteristics of software projects and introduce a risk categorisation
framework for identifying risks that threaten the success of projects.
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