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General Information
Editor-in-chief

 
Faculty of Science, University of Brunei Darussalam, Brunei Darussalam   
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IJIEE 2011 Vol.1(3): 229-233 ISSN: 2010-3719
DOI: 10.7763/IJIEE.2011.V1.36

MRMM: A Mathematical Risk Management Model for Iterative IT Projects based on the Smart Database

A. S. Khatavakhotan, N. Hashemi Taba, and S. H. Ow

Abstract—The increasing advancement in information technology industry is compatible with the changing nature of the world. While software is important for all facets of the modern world, software development itself is not a perfect process. Iterative software development methods have recently emerged as a new and better way of developing software as compared to traditional methodologies. These methods are developed to make prompt changes in a constantly changing world. The more modern the technology and the methods are, the newer the risks that must be properly controlled and managed. Therefore, focusing on risk management process in IT projects will lead to applicable results. Due to the high failure rate in IT projects, increasing the focus on risk management seems essential.

Index Terms—Budget Estimation, Iterative IT Projects, Risk Management, Smart Database

The authors are with the Department of Software Engineering, Faculty of Computer Science and Information. Technology, University of Malaya, 50603, Kuala Lumpur, Malaysia

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Cite: A. S. Khatavakhotan, N. Hashemi Taba, and S. H. Ow, "MRMM: A Mathematical Risk Management Model for Iterative IT Projects based on the Smart Database," International Journal of Information and Electronics Engineering vol. 1, no. 3, pp. 229-233, 2011.

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