Your business is using enterprise collaboration software? Read this


In the modern age of business, there is no doubt that businesses big and small depend on many different types of software and computing technology to keep their company running. No matter what kind of software you are using, such as collaboration software, website archive, and more, you are going to want to make sure that you have the correct risk management tools in place.

The truth is that whenever you are using some kind of software, you are giving yourself up to a certain amount of risk. Without a doubt, the software companies themselves do everything in their power to make sure that they protect their clients, but it is your job to make sure that you go even further to make sure that your data, and the data of your colleagues, clients and customers is always protected. Learn more.

What is software risk management?

Overall? Software risk management begins with the idea that any time software is being used, there is a certain amount of inherent risk. These risks, at their core, stem from issues within the source code that is introduced during development. There are two primary issues that companies depending on a certain type of software will depend on:

  • Software failure and non-performance
  • Project and program management and delivery

Overall, software risk management is meant to take a proactive approach to the risk by providing a way to look for areas where a software defect is going to end up impacting the usability of the software itself for end users and your business.

Best practices

If you are looking for ways to address software risk management, then you have definitely come to the right place. A set of software risk management best practices can help serve as an important guide when it comes to planning for the future and making sure that you are prepared in the event of a software failure. Here are some great tips to keep in mind:

  • Identify the riskiest areas and components within your application and systems
  • Identify the root issue for the majority of defects that could result in a systems failure
  • Understand the crucial aspect of object risk in addition to risk-based testing
  • Learn how to optimize test efficiency while improving and expanding your coverage
  • Make sure that you take diligent notes whenever you identify a software failure so that you can learn from the processes that led to it

Software risk management plan

One final really important thing to keep in mind when you are thinking about software risk management is how to create an easy to follow risk management plan. In the end, having a plan can be the different between overcoming a software failure and falling victim to it. If you are beginning to develop your own management plan, consider these steps:

  • Just start your risk management
  • Look at integration level risk
  • Look at system level risk
  • Measure your level of software risk in your critical applications

Hopefully, this quick breakdown will help you better plan and prepare for a potential software failure in the future.

Good luck!


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Founded in 1994 by the late Pamela Hulse Andrews, Cascade Business News (CBN) became Central Oregon’s premier business publication. •

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