Software risk assessment model

The software industry has grown rapidly with the increasing applications of information technology. Just like any development project, there is inherent risk in software development projects. Failure to develop software according to specifications or within budget, or to deliver software products on time can be costly. In this paper, a new model for the assessment of risk in software projects is proposed. The model, named software risk assessment model (SRAM), makes use of a comprehensive questionnaire. Test results show that using the risk indicator obtained from the SRAM, it is possible to predict the possible outcome of software projects with good accuracy.