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The Global Software Development is becoming so much complex and challengeable as the scope of the problem domain of the user increases day by day advancement. In today's modern world of engineering development, almost all projects suffer from some unwanted threats called risks which can seriously affect the quality, cost and schedule of the projects and hence could have a large negative impact on a project. Even many projects are cancelled due to catastrophic risks so it is very much important for a good project management to identify, monitor, plan and control the potential risks so that it is ensured that the project completes according to the satisfaction of all stakeholders interested in the project.
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