The Risk Management Paradox

The road to the financial ruin experienced on Wall Street during the past two years was paved with ineffective risk management strategies. While risk management theory continues to evolve, implementation of that theory often fails, especially when it comes to software. Though most executives readily acknowledge risk management is an essential practice for software projects, few can point to accomplishments and sustainability of their organization’s software risk efforts. Why is it so difficult to build and sustain effective software risk management? Do risk management’s intellectual demands exceed human capability? Are hidden forces thwarting our efforts to build and sustain good practices? Payson Hall describes the human challenges inherent in developing and sustaining an effective risk management program and why many risk management efforts become paradoxical victims of their own success. Most importantly, you'll learn the systemic causes of the "boom and bust cycle" of software process improvement and what you can do to eliminate them.