Stochastic simulation of risk factor potential effects for software development risk management

Dan X. Houston, Gerald T. Mackulak, James Collofello

Research output: Contribution to journalArticlepeer-review

77 Scopus citations

Abstract

One of the proposed purposes for software process simulation is the management of software development risks, usually discussed within the category of project planning/management. However, modeling and simulation primarily for the purpose of software development risk management has been quite limited. This paper describes an approach to modeling risk factors and simulating their effects as a means of supporting certain software development risk management activities. The effects of six common and significant software development risk factors were studied. A base model was then produced for stochastically simulating the effects of the selected factors. This simulator is a tool designed specifically for the risk management activities of assessment, mitigation, contingency planning, and intervention.

Original languageEnglish (US)
Pages (from-to)247-257
Number of pages11
JournalJournal of Systems and Software
Volume59
Issue number3
DOIs
StatePublished - Nov 20 2001

Keywords

  • Risk factors
  • Software development risk
  • Software process simulation
  • Software risk management
  • Stochastic simulation

ASJC Scopus subject areas

  • Software
  • Information Systems
  • Hardware and Architecture

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