Monetary pricing of software development risks: A method and empirical illustration

@article{Appari2010MonetaryPO,
  title={Monetary pricing of software development risks: A method and empirical illustration},
  author={Ajit Appari and Michel Benaroch},
  journal={Journal of Systems and Software},
  year={2010},
  volume={83},
  pages={2098-2107}
}
The ability to price (monetize) software development risks can benefit various aspects of software development decision-making. This paper presents a risk pricing method that estimates two parameters for every individual risk factor: extra cost incurred per unit exposure, and project sensitivity, to that factor. Since variability is a widely used measure of risk in finance and decision sciences, the method derives risk pricing parameters by relating variability in risk factors to variability in… CONTINUE READING

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