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In this paper, risk-based methodologies for Software Risk Management (SRM) and its framework is discussed. Software Risk Management methodologies play important role the entire life cycle of software acquisition, development and maintenance. Good developed methodologies and tools for software engineering are very important for managing project more effectively. One should review and evaluate progress of the project in order to complete the project successfully. In this paper there are software risk management methodologies based on the seven management principles: product vision, teamwork, global perspective, future view, communication skills, integrated management, and continuity.
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