Risk Management in Internet‐Based Software Projects

Abstract

Internet‐based projects are those that are managed through the Internet. By using the Internet as the channel of communication, project managers can pull together teams that are dispersed geographically and temporally. New software and new services are reaching the market to support Internet‐based project management. It is anticipated that improved communications and better workflow management software will reduce threats to the successful completion of projects. Nonetheless, the new approaches and software introduce new complexity and possibly new risks to Internet‐based projects. This chapter is an introduction to project risk and the management of project risk in Internet‐based software projects. Potential risks arising from Internet‐based project management, as opposed to traditional project management, are discussed. Then approaches to the management of risk are compared. An integrated approach to risk assessment and management is advocated.