Mitigating Risks in Software Projects Through Phased Development Process-A Real Options Analysis
Managing risks of software projects is a challenging task due to the rapidly changing environment. This paper aims to introduce the concept of staging strategy in financial literature into software project risk management. Real options theory is explored to justify phased software development process in uncertain environment. It is found that phased development process provides additional value for software projects and is a good tool to mitigate risks. The approach we present can help to understand and improve the flexibility of software process produced by multi-phase development scheme.
Software project Risk management Real options Phased development process
Chen Tao Zhang Jinlong
School of Management, Huazhong University of Science and Technology, Wuhan, 430074, China
国际会议
第六届管理学国际会议(Proceedings of ICM2007 the 6th International on Management)
武汉
英文
556-561
2007-08-03（万方平台首次上网日期，不代表论文的发表时间）