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Reducing failures in software development projects: effectiveness of risk mitigation strategies

Author

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  • Hamzah Abdul-Rahman
  • Faizul Azli Mohd-Rahim
  • Wang Chen

Abstract

Risks as uncertain conditions with negative consequences on a software project could increase the failure rate of a project if it is ignored. To identify the effectiveness of risk management strategies, a questionnaire survey among over 1000 software professionals was conducted. Post Hoc Multiple Comparison Test and Kendal's non-parametric test were employed to analyse risk mitigation strategies in terms of effectiveness in reducing time and cost overruns. Findings reveal risk mitigation strategies related to the technical part are not as efficient as that in the managerial part such as the users' involvement and commitment in reducing time and cost overruns.

Suggested Citation

  • Hamzah Abdul-Rahman & Faizul Azli Mohd-Rahim & Wang Chen, 2012. "Reducing failures in software development projects: effectiveness of risk mitigation strategies," Journal of Risk Research, Taylor & Francis Journals, vol. 15(4), pages 417-433, April.
    • Handle: RePEc:taf:jriskr:v:15:y:2012:i:4:p:417-433
    DOI: 10.1080/13669877.2011.634520
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    References listed on IDEAS

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    1. Bennett, Joanna C. & Bohoris, George A. & Aspinwall, Elaine M. & Hall, Richard C., 1996. "Risk analysis techniques and their application to software development," European Journal of Operational Research, Elsevier, vol. 95(3), pages 467-475, December.
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    Cited by:

    1. Raffaele Testorelli & Anna Tiso & Chiara Verbano, 2024. "Value Creation with Project Risk Management: A Holistic Framework," Sustainability, MDPI, vol. 16(2), pages 1-20, January.
    2. G. K. Deshmukh & Hory Sankar Mukerjee & U. Devi Prasad, 2020. "Risk Management in Global CRM IT Projects," Business Perspectives and Research, , vol. 8(2), pages 156-172, July.
    3. Dengsheng Wu & Xiaoqian Zhu & Jie Wan & Chunbing Bao & Jianping Li, 2019. "A Multiobjective Optimization Approach for Selecting Risk Response Strategies of Software Project: From the Perspective of Risk Correlations," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 18(01), pages 339-364, January.

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