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Business Risk Analysis: Obsolescence Management in Requirements Engineering
Abstract
Up until now, efficient and applicable project methodologies, process improvement methodologies, product improvement methodologies, and relevant software engineering best practices have been developed and successfully implemented in many software projects in a variety of industries. However, projects still fail. Most of the project failure factors are diagnosed; however, some may fall through holes or gaps and get overlooked due to unknown reasons. The basis of this research study is a comprehensive questionnaire with relevant and probing questions that have collected data on obsolescence of requirements. Through analysis of the gathered data and information, this study aimed to present these risk factors, their impact, and a possible way to measure them. The critical factors identified and the result of this research project can be a trigger to conduct further in-depth analysis of project risks based on categories of projects (maintenance & support projects, development projects, data conversion projects, etc.), or rather, analysis of projects based on the business area/function. This research study is another attempt to assist in turning IT project failures into project successes.
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