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A Context-Specific Definition of Risk for Enterprise-Level Decision Making

Enterprise-level decision making implies risk. In software companies, the choice of adopting an open source software component to be embedded into a commercial product may expose a whole business to risks arising due to this component. While general-purpose definitions of risk abound in the literature, in our work we seek an ontological definition of risk that allows us to understand how risks can relate the characteristics of a software component to the adopter’s business goals. In this paper we outline the challenges faced in building this ontological definition, and sketch some issues that are still open.