ARMI: A risk management incorporation

Abstract

Risk management is an essential process in software project management. Effective management of risk significantly helps increase rate of project success as well as reduce potential costs of failures. This paper proposes an innovative card-based game which simulates entire cycle of risk management. During the activity, the participants form an organization called “A Risk Management Incorporation (ARMI)”. They are then given chance to experience, analyze, plan, repeat and evolve their risk management processes. Based on the study result, ARMI helps not only simulate an insightful risk management cycle but also improve the participants' attitude towards this critical project element.