Effective Risk Management of Software Projects (ERM): An Exploratory Literature Review of IEEE and Scopus Online Databases

The significance and the maturity level of software engineering have been increasing since 1968. However, software development, which falls under the umbrella of software engineering, is still evolving. Different software risk management process models, methods and techniques have been presented by researchers for the software industry to make the development of software projects more likely to succeed. However, a lot of software projects still fail to complete. The models used are general and based on the traditional technique of risk management. Hence, effective risk management (ERM) techniques are required for the development of mature software in order to increase the rate of success of software projects.