Risk Management of COTS Based Systems Development

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The use of commercial off-the-shelf (COTS) components to develop large-scale systems has become increasingly prominent over the past decade. This approach requires more attention to risk management. In addition to the classical risks that exist with developing large systems, the use COTS components requires managers to modify their typical mitigation strategies for some of the classic risks and develop new mitigation strategies for risks that are particular to the use of COTS in system development. This chapter discusses the risks particular to the development of COTS intensive systems and describes some strategies that can be employed to help with risk mitigation.