Risk Analysis and Software Development Methodologies: An Essay

This essay delves into the significance of risk analysis in software development, emphasizing its role in identifying and mitigating potential risks that could impact project performance. It explores the evaluation of software development methodologies, including the Software Development Life Cycle (SDLC), and highlights the importance of outsourcing in enhancing software reliability and reducing project costs. The essay examines the key factors to consider during risk analysis, such as network configuration and security, and underscores the significance of risk assessment in software design and implementation. It also analyzes the crucial role of risk analysis in software testing and development, focusing on its ability to identify, prioritize, and address potential issues to maintain project efficiency and security. The essay further discusses the impact of outsourcing and offshoring on software development, emphasizing how these techniques can improve software security. The conclusion reinforces the value of risk analysis as a strategy for reducing risks and ensuring the effective development of secure software.

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The term risk analysis is defined as a process which is mainly used by the
consumers while conducting the design phase of software development. Such kind of
technique is also used for identifying and assessing the key factors which may impact on
the performance of the projects. The purpose of this essay is to examine the importance of
risk analysis in the developing of software and evaluate the software development
methodologies. This essay also describes and analyzes a journal paper based on software
development methodologies.
Risk analysis is a kind of technique which is used for evaluating the potential risks
and issues which could negatively impact on the companies and software development.
Mainly, these kinds of processes help the companies for improving the overall performance
of the projects and also reduce the security-related issues from the developed software. A
recent study identified that risk analysis provides a platform for controlling and
monitoring the errors and risks linked with the projects and also help the developers for
increasing overall effectiveness of the software and other projects (Zio, 2013). It is
observed that the risk analysis is the key part of the software testing and development
where it identifies the risks in applications and prioritizing them for maintaining the
efficiency of the projects.
A risk is a potential for loss due to which the companies and business industries can
suffer from security related problems and issues. From previous papers, it has found that
risks analysis attempts for determining all the risks and threats and then blocks them from
the system which can help the consumers for effectively developing the software and other
projects (Franch, et al., 2013). Therefore, it is argued that the risks analysis plan is one of
the best strategies that can be used in the companies where the developers can control and
monitor the security-related problems and produce the reliable software in the assigned
time.
There are various key factors that should be considered while developing risk
analysis in the project. These factors involve, proper configuration of networks, avoiding
the unwanted signals from the networks, focus on the security-related risks and maintain
the communication gaps. However, it is observed that security is one of the major risk

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factors which should be considered in the risk analysis while developing projects (Chawan,
Patil, & Naik, 2013). Moreover, developers should focus on the risk assessment process
while designing and implementing software based projects in the workplace.
According to Paul, (2011) the software outsourcing splits services and development
activities into various components and sections which are performed in the software
development. Such kind of technique is mainly used in the development of software where
it helps the developers for performing the projects in an effective way along with the low
cost. From this paper, it is analyzed that outsourcing is one of the best approaches which
can be used in the development of software because of their ability for improving the
reliability of software and reducing the cost of projects. In this paper, the authors critically
reviewed the concept of software development and also examined the importance of the
outsourcing process in the software development methodologies.
The author argued that while using an outsourcing software plan, it is very
important for developers for recognizing that the entire project is working properly and
should focus on the security of the data while developing software. It is also significant for
the consumers to detect the position and pay of developers in the outsourcer’s companies.
From the selected paper it is examined that the voice over internet protocol
implementation are the backbone of communication in most of the outsourcing system and
it also provides a way for managing the risks and errors occurred in the software
development. The authors also identified both outsourcing and offshoring of the software
development are very reliable techniques that can be used in the companies for improving
the security of the software which is developed by the project team.
It is observed that the SDLC is the best software development methodology that has
the capability for developing the software related projects in an effective manner. However,
it is observed that the outsourcing process can be used in the SDLC methodology because it
can help the developers for finding the risk factors linked with the software and security
issues faced by the consumers while developing software related projects.
From the above discussion, it is concluded that the risk analysis is the best strategy
that can be used in software development where it can help developers for reducing the

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risks and issues linked with the projects. This essay critically examined the role of risk
analysis in software development and discussed the key aspects of outsourcing in the area
of software development methodologies.

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References
Chawan, P. M., Patil, J., & Naik, R. (2013). Software risk management. International Journal
of Computer Science and Mobile Computing, 2(5), 60-66.
French Gutiérrez, J., Susi, A., Annosi, M. C., Ayala Martínez, C. P., Glott, R., Gross, D., ... &
Ameller, D. (2013). Managing risk in open source software adoption. In ICSOFT
2013: Proceedings of the 8th International Joint Conference on Software
Technologies (pp. 258-264).
Paul, M., (2011). Software security in a flat world, ISC, 12(2), 6-9.
Zio, E. (2013). System Reliability and Risk Analysis. In The Monte Carlo Simulation Method
for System Reliability and Risk Analysis (pp. 7-17). Springer, London.