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Integrated Approach to Risk Management for Custom Software Development and Maintenance Initiatives
Abstract
The proposed integrated approach to risk management explores the limitation of a risk management approach that focuses only on project implementation risks. The integrated approach not only manages project risks but also program risks. Case studies illustrate how the integrated approach to risk management has been used in software development initiatives. The main inference from the integrated model is that senior management needs to empower project managers to have a holistic perspective of risk and its management.
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