Software risk is a form of operational risk: it consists of the risks of using software.
The principal components are:
- Erroneous results. The software produces the wrong results.
- No results. The software fails to produce results, or fails to produce them by the time at which they are needed.
- High costs. The results are accurate, and appear on time, but at a very high cost.
These risks apply whether the software is developed in-house or externally and whether by professional developers or users (see user-developed software. Problems can be caused by:
- Usability issues
- Development delays
- Misunderstood requirements
among other causes.
The following external links are relevant: