Risk avoidance in bidding for software projects based on life cycle management theory

Risk avoidance in bidding for software projects based on life cycle management theory

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Article ID: iaor200811
Country: United Kingdom
Volume: 24
Issue: 6
Start Page Number: 516
End Page Number: 521
Publication Date: Aug 2006
Journal: International Journal of Project Management
Authors: , ,
Keywords: risk, project management
Abstract:

This study explores how to integrate software project management risk into bidding risk, and makes use of life cycle management theory to study risk avoidance in bidding for software projects. The stages in the life cycle of software projects and main risk items are introduced. As many types of risk items exist in the bidding, we analyze the possible risk response measures for different risk categories and the measures' corresponding strength. Finally, we describe the basic methodology for dynamic risk avoidance in bidding for software projects based on life cycle management theory and give an example.

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