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- Title
Managing Business Risks for a Software Development Company.
- Authors
Costea-Marcu, Iustina-Cristina; Militaru, Gheorghe
- Abstract
Risk management is very important in the business environment to prevent certain situ - ations that can negatively impact a company. This paper presents a risk analysis for a company that deals with software development and various IT products. Risks have been identified to see how an IT firm is exposed to uncertainty. To assess the risks, the following must be well-known: the company itself, the market in which it operates, the macro en - vironment and the microenvironment. The risks were identified through brainstorming and interviewing and subsequently, the causes and effects of these risks were analyzed and the probability of occurrence and the impact that each risk has on the company were determined. Following the construction of the risk matrix, strategies for each risk were identified and several solutions were proposed to reduce the risk index. In the end, the risk register was built.
- Subjects
RISK management in business; COMPUTER software industry; COMPUTER software development; BUSINESS software; RISK assessment
- Publication
FAIMA Business & Management Journal, 2021, Vol 9, Issue 3, p52
- ISSN
2344-4088
- Publication type
Article