Software Risk Management In Virtual Team Environment

Abstract Research on the major risk factors for traditional projects is abundant however despite research citing increased communication and trust issues in virtual environments research on the major risks for projects conducted in virtual environments is scarce. This paper addresses that void by reporting on a research study of virtual project risk that culminated in a survey of 107 virtual project management practitioners from throughout the United States. Prior literature in-person interviews and a focus group were used to develop a comprehensive list of fifty-five potential risk factors. Survey participants were asked to rate each of these potential risks by considering the degree of impact it had on the successful completion of a recent virtual project in which they participated. Similar to past surveys focused on traditional software development projects the goal of this research was to identify a set of major virtual project risks those risks most likely to have the greatest impact on the successful completion of a virtual software development project. The results of this study will benefit project management practitioners in managing risk in a virtual project environment.