Exploring the relationship between software project duration and risk exposure: A cluster analysis
Software projects often fail. Thus it is important to find ways to ensure a successful outcome. One significant area is a better understanding of the relationship between the software project duration and risk exposure, as this helps project managers with pertinent information to be effective in managing risky projects. We addressed this need by adopting a cluster analysis technique to provide managers with insight into effective planning and control of their projects. The results not only revealed that risk exposures associated with user, requirement, planning & control and team risk dimensions were affected by project duration, but also showed how to manage software risks effectively through observing trends in the risk components. Based on our findings, project managers can adopt appropriate attitudes, skills, and practices to deal with risky areas more effectively rather than just identifying those software risks with which project managers should be concerned.
project duration risk exposure risk component software project management software risk management