A survey of project risk assessment and estimation models

  • Taher Ahmed Ghaleb
  • , Abdulrhman Ahmed Alsri
  • , Loay Shabaneh
  • , Mahmood Niazi

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

2 Scopus citations

Abstract

Risk is a potential event that leads to loss or harm in software projects. Risks may be classified into negative or positive; where negative risks specifically lead to loss or harm, while positive risks represent a new opportunity in the project. To handle these kinds of risks, risk assessment models and techniques have been introduced. In this paper, we review the most popular and applicable risk assessment models available in the literature. We come up with a taxonomy in which those models can be categorized as: (1) Artificial Intelligence (AI) based, (2) Classical (or Non-AI based), and (3) other Hybrid models. We propose evaluation criteria which have been used to compare these models. After analyzing evaluation results, we recommend suitable models which can be used to avoid project risks.

Original languageEnglish
Title of host publicationWorld Congress on Engineering, WCE 2014
PublisherNewswood Limited
Pages416-421
Number of pages6
ISBN (Print)9789881925275
StatePublished - 2014

Publication series

NameLecture Notes in Engineering and Computer Science
Volume1
ISSN (Print)2078-0958

Keywords

  • Assessment models
  • Risk assessment
  • Risk estimation
  • Risk identification
  • Risk management

ASJC Scopus subject areas

  • Computer Science (miscellaneous)

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