Software Engineering Methodology

Running head: SOFTWARE ENGINEERING METHODOLOGY
Software Engineering Methodology
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1SOFTWARE ENGINEERING METHODOLOGY
Introduction
In the concept of engineering management, there are different types of methods that helps
to manage risk in a project. Despite of having various risk management strategies in the software
engineering projects, there is a high failure rate in managing the software. When the size of the
projects and the size of the projects are taken to a certain increased level, there arises a problem
of managing the development of the software [2]. There are many risks that are faced in the
lifecycle of project management. According to the definition of risk, risk is a potential situation
or an event that occurs negatively and have negative effect on the ability of the project. Risk is
considered as an exposure to a loss or an injury or considered as a factor that includes uncertain
danger in a project.
In this paper, the risk analysis and risk assessment is carried out that includes the risk
management related to software, the classifications of the software risks that are included in risk
management, and finally there are some risks analysis techniques that are used for analysing risk
in a software project management.
Risk Management of Software
Many concepts can be studied that are related to risk management of software. The
following section consists some processes explained that are involved in risk management
software.
1. Risk Index- When the risks are identified in a project, the risks can be categorized by
their impact and can also be categorized according to likelihood of their occurrence. These
factors are particularly multiplied to determine the risk whether to be high, medium risks or low
risks [4]. The risks are prioritized with the Risk Index by considering a single measure for

2SOFTWARE ENGINEERING METHODOLOGY
determining the importance of a particular project and their visibility, reporting that is required
and the response. The risk index is important for prioritizing the risk in a software project.
2. Risk Analysis- There are few know risks types that occurs commonly in a software
project. In the concept of risk engineering, analysis of risk is used for identifying the hid end risk
elements in a particular project [9]. The risk analysis mainly provides many ways for
documenting the impact of involving strategies of risk mitigation in a project. The analysis of
risks is considered to be an important part of designing a software in the development phase for
evaluating the system critically [6]. The risks are then analysed in a project and particular
countermeasures are introduced in the project after the risk analysis. The main purpose of risks
analysis is understanding the risks in a project in a better way and verify as well as correct the
attributes of the risks in a software project. For conducting a risk successfully mainly includes
essential elements such as defining the problem, formulating the problem, as well as data
collection.
3. Risk Assessment- The assessment of risk mainly incorporates the management of risks
as well as analysis of risks. There are many methodologies in risk assessment that mainly focuses
on various categories of risks [8]. The assessment of risks mainly requires correct descriptions
for the particular target system and includes all the security features of a project. For conducting
a risk assessment successfully, there is need to defined the level of risk referent. In a software
project, the referent levels that are included are performance, cost of the developing the project,
supporting the project, scheduling the project and measuring the performance of the project.
Risk Classification