Basics of Software Risk Management
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by Arindam Ghosh
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We can say in conclusion that, like any other control, proper and timely Risk Management control can provide enormous advantages to an organization by cutting down on costs and ensuring proper delivery as per schedule. At the very onset there has to be a budget and time set-aside for this. It is often a major expense for the performing organization, so clear understanding of the return on investment must be declared and this is possible through a well understood, planned, and structured process. Systems are becoming more complex and today's judgment, thorough knowledge, expertise and experience shall not always suffice, but a systematic approach with different methodologies is the approach to mitigate risks.

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