Introduction Software projects are complex technological projects in a way that each project is unique and thus has its own risk. This paper tries to find if risk management best practices as defined by project management frameworks and literatures are sufficient in real world projects. The report starts with defining software projects and risk management. In second section the paper tries to answer if risk management policy defined in literature is sufficient in practice and if software managers should try to implement or not. The last section takes real life case study of miss-managing risk in software project and its implication. In the end the paper tries to find balance between literary view of risk management with practical view by software developers and managers. Software Projects and Risk Management Software project is the work undertaken to specify, design, develop, test and implement a new software solution for the client (internal or external). Unlike any other industrial p...
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