Devising new Software Project Risk Management Model: MARUNA

The focus of this research is the development of a practical risk management technique and its assessment. This study systematically tested the correlation between critical activities and critical paths and risk scenario case management applied in project planning since its early beginning up to end. Risk management is critical to success in complex projects but is seldom applied effectively and its integration within software life cycle is missing. Based on the literature review discovered a high rate of ICT projects failure. What were the causes of these expensive and seemingly uncontrollable failures of ICT projects? Despite the review of considerable published literature on the risk management for ICT software projects and their frequent failure did not discover a satisfactory Risk Management framework and model specific to ICT software projects. In order to investigate these issues a research study was realized and as contribution a MARUNA risk management model was created. Its main contribution is that it integrates all the project planning stages. The results of applying the MARUNA Risk Management Model have been tested and the findings and recommendations are derived from the extensive body of evidence collected, in both written and oral form.