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Identification and Assessment of Software Project's Risk

Summary Software Development is fraught with risks—from as early as the proposal creation to the actual testing of the application, there are multitude of factors which introduce risk. Major software projects have the highest probability of being cancelled or delayed due to these factors. This paper provides a quantitative means to assess the risk associated with software development, by outlining the different factors which introduce the risk , assigning weightages to each factor, calculating the overall risk score and then categorizing the project risk as low, medium, high or extreme