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Software Risk

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:

  • Bugs
  • Usability issues
  • Development delays
  • Misunderstood requirements

among other causes.


The following external links are relevant: