House of Risk Phase 1: A Tool for Identifying and Prioritizing Software Development Risk Agents

This research explores risk management in software development by applying the House of Risk (HOR) Phase 1 method to pinpoint and rank risk sources. Through interviews with experts in IT, healthcare and government sectors, 30 risk events and 29 risk agents were identified in various phases of the software development life cycle. The HOR model was used to determine each risk agent's Aggregate Risk Potential (ARP), allowing the prioritization of risks based on their relative impact. Significant findings revealed that planning, task prioritization, and awareness of new software implications are critical areas that need urgent attention. The results demonstrate the effectiveness of the HOR Phase 1 model in optimizing risk management practices, providing practical guidance to project managers and developers to improve project stability and reduce negative impacts. This research advances software risk management by presenting a systematic method for identifying and addressing top-priority risks, thereby fostering more robust software development processes.