Risk Mitigation and Monitoring Challenges in Software Organizations: A Morphological Analysis

Abstract

The present body of research on risk mitigation focuses mostly on sparse and dispersed research using various approaches during project development. Objectives: This paper's goals are to conceptualize and construct a morphological analysis (MA) framework, examine the literature that has already been published on these risks and how to mitigate them in software development, and identify research gaps that suggest areas for further study. Methods: Based on a survey of 102 works, we provide an MA framework. The MA framework, which is composed of five dimensions and 17 variants, identifies 33 distinct research gaps as the maximum number of potential areas for future study. The implications for future research are covered in the paper's conclusion. Risk reduction during the project development process is extremely beneficial for project managers at an organization in delivering high-quality goods on time and within budget. Results: Based on a review of the literature, it was discovered that the development of software projects used a very low percentage of official risk mitigation and elimination methods. Research also revealed the significance of people-related risks in the risk mitigation process for the benefit of the organization. Some key research demonstrated experimentation, case studies, and empirical approaches for evaluation. Future work may include examining project managers' perceptions and knowledge of risk management. Managers of software development teams require greater risk-mitigation strategies. Conclusion: Scholars and researchers need to put more effort into developing quantitative and intelligent risk models. It is crucial to identify major risks so that they won't compromise the project's future success. In our future work, we can employ more models that are helpful for combining quantitative and intelligent risk models using various AI strategies to reduce hazards.