Risk Identification and Analysis in Software Development in Bangladesh IT Industry: A Hybrid Model

Abstract

Software risk management is a critical and multi
stage process. All over the world, IT Industries face some threats
during software risk management processes. Bangladesh is not
exceptional. Principal goal of the research is to manage risk for
Bangladesh's IT Industry. To gain a clear and transparent idea
survey is the most effective way. The research arranged a survey
questionnaire and collected data for risk impact areas on
Bangladesh IT Industry. A workable and feasible risk
management approach prompts an idea for the risk-mitigating
plan. In any case, the high proportion of IT project failures
demonstrates the futility of risk mitigation activities. From the
survey, it is discovered that the most irritating obstructions
behind software disappointment for the presence of covered-up
and inconspicuous risks and lack of user communication, and
lack of proper training on new technology which is overlooked in
the greater part of the models. The proposed model works with
the improvement of the risk mitigation plan through four phases,
the Dynamic Verifier Core (DVC) committee, and the New
Unproven Technology (NUT) train-up team. Depending upon the
survey replies added another unique feature called the New
Unproven Technology (NUT) train-up team. The model
considered all four phases of risk management, with the
mitigation phase and training on new technologies receiving the
greatest attention.