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Software Development Methodologies for Reducing Project Risks

Author

Listed:
  • Kamelia Stefanova

    (University of National and World Economy, Sofia, Bulgaria)

  • Veselin Georgiev

Abstract

The rapid expansion of information and communication technologies in all business and social areas today has increased the pressure on and the need for the optimization of software development process. More than ever, the relation between quality, cost and time for delivery become a critical requirement for success. Developing cost competitive software products that meet high quality standards according to the time constrained market today is becoming a demanding task. Most of the software development processes are overburdened with strict and heavy documentation procedures that require strong control mechanisms and create additional sophistication in the software projects management. New families of methodologies for software development, referred to as Agile Processes, are introduced to meet the challenges of the future developments in the software industry. These methodologies focus on the flexibility and adaptability and are described as agile, unlike the traditional processes which are restrictive in the introduction of changes. The application of these methodologies and practices answer the need to reduce risks and increase quality and usability of the final software product.

Suggested Citation

  • Kamelia Stefanova & Veselin Georgiev, 2014. "Software Development Methodologies for Reducing Project Risks," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 104-113, April.
  • Handle: RePEc:nwe:eajour:y:2014:i:2:p:104-113
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    More about this item

    Keywords

    Agile Software development; Project risks; SCRUM; Extreme programming; Feature Driven Development; Adaptive Software Development;
    All these keywords.

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
    • C8 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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