How experienced project managers assess risk

Abstract

Software development projects, given their diverse and abstract nature, offer unique challenges and risks. Although a substantial body of literature has been written to address project risk management, my experience in the field led me to question whether this literature accurately mirrors the concerns of real-world project managers. To confirm my suspicions, I surveyed 14 experienced application systems developers, all located in Ireland. All survey participants manage custom-built, software-intensive application development projects that originate from external clients. The survey focused on three major areas: (1) Which characteristics of the customer, the application, and so on, do experienced software project managers consider important when planning new development projects for new, external clients? (2) How do these characteristics relate to accepted software project risk drivers? (3) Do most project managers characterize new projects in generally the same way, or do different project managers use different perceptual lenses when viewing new projects? This survey of a homogenous group of project managers revealed a surprising diversity of risk management concerns.