This paper presents a holistic vision of the risk-basedmethodologies for Software Risk Management (SRM) developed at theSoftware Engineering Institute (SEI). SRM methodologies address the entirelife cycle of software acquisition, development, and maintenance. This paper isdriven by the premise that the ultimate efficacy of the developed methodologiesand tools for software engineering is to buy smarter, manage more effectively,identify opportunities for continuous improvement, use available informationand databases more efficiently, improve industry, raise the community’splaying field, and review and evaluate progress. The methodologies are basedon seven management principles: shared product vision, teamwork, globalperspective, forward-looking view, open communication, integratedmanagement, and continuous process.
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