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Software forms the nuts and bolts of the day to day modern life. Software development and implementation pictures various threats. They are the risks involved in creating expected quality software with in the given time and the anticipated budget. The risks cannot be just simple details in the project, but they should be the core of the business. To do take success over the risk the authors need discipline more than good processes and intuitive think ability, this discipline is called risk management. Software risk management is a proactive approach for minimizing the uncertainty and potential loss associated with a project. This process of Software risk management is categorized as risk identification, risk quantification, risk response development and risk response control.
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