In this paper, we present an approach that project managers could use to model and control risks in software projects. There are no similar approaches on modeling software project risks in the existing pieces of literature. The approach is, thus, novel to the area of software risk management. The approach is helpful to project managers for performing means-end analysis, thereby uncovering the structural origin of risks in a project, and how the root-causes of such risks can be controlled from the early stages of the projects. We have illustrated this approach with a simple example typical of software development projects. Though some attempt has been made to model risk management in enterprise information systems using conventional modeling techniques, like data flow diagrams, and UML, the previous works have analyzed and modeled the same just by addressing "what" a process is like, however, they don't address "why" the process is the way it is. The approach addresses this limitation of the existing software project risk management models by exploring the strategic dependencies between the actors of a project, and analyzing the motivations, intents, and rationales behind the different entities and activities in a project.

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Keywords Conceptual modeling, Risk analysis, Software project management
Conference 7th International Conference on Enterprise Information Systems, ICEIS 2005
Misra, S.C. (Subhas C.), Kumar, V, & Kumar, U. (2005). Modeling strategic actor relationships to support risk analysis and control in software projects. Presented at the 7th International Conference on Enterprise Information Systems, ICEIS 2005.