3LRM-3 Layer Risk Mitigation Modelling of ICT Software Development Projects

Abstract

With the adoption of new technology and quality standards, the software development firms are still encountering the critical issues of risk modelling. With the changing dynamics of customer needs, potential competition has being mushrooming in the global IT markets to relay a new standard of software engineering which has higher capability of sustaining risk. However, till date, it is still theoretical to large extent from research viewpoint. Hence, this paper presents a mathematical model called as 3LRM that is designed with the simple approach keeping in mind the real-time issues of risk factors in software engineering for ICT software development project. The study has also identified requirement volatility as one of the prominent source of risk and hence, the framework intends to identify a risk as well as mitigating the risk to a large extent. The paper is illustrated with some of the simple statistical approaches of random probability.

PORM: Predictive Optimization of Risk Management to control Uncertainty Problems in Software Engineering

“…The proposed work is basically an extension of the our prior design approach called as 3LRM [38] where the present work focuses on optimizing the performance of the computing risk factor involved in software engineering. The architecture of the proposed PORM is shown in Figure 1.…”

Implementing Fuzzy TOPSIS on Project Risk Variable Ranking

“…In last year's, the development of risk analysis studies is increasing rapidly; this is due to proper risk assessment could decrease the failure rate to achieve the outcomes and objectives of budget, time, and quality for a project [1], especially in project involving massive resources, such as rehabilitation and reconstruction posttsunami disaster in Aceh-Indonesia [2]. Although new techniques and methods are introduced to various processes, such as software and automated tools [3], risk assessment for projects remains an unstructured problem that depends on human expertise [4,5]. In the risk analysis concept, identifying and assessing risk variables is an important step that should be conducted by a project manager to get an early warning about the possible risk variable using statistics [4] that can occur in the project.…”