International Journal of Computer and Communication System Engineering (IJCCSE)
In order to achieve a successful project in IT industry and even in routine life, risk analysis and management plays a vital role. Effective risk analysis helps to identify those factors which may jeopardize the successful completion of a project. Risk management concerns with the development of different strategies to manage the identified risks, and contingency plans for their mitigation. With the increasing competition in IT industry, an organization must effectively manage the risks that may be faced by its development projects to retain the customers and to gain competitive advantage.