PRIMES: an ontology-based web service for software risk management

This chapter aims at building a system to aid, and in certain cases, perform the work of the project analysts. It deals with providing an ontology based web service to analyze each project, product or service, based on the factors, relationships and constraints that constitute the respective project, product or service. Its main goal is to provide project analysts with a web service to aid them in identifying and assessing the risks involved in the project, allowing them to plan for avoiding the risks, and controlling and monitoring risks. This proposed system aids risk analysts in analyzing projects, products and services, and enhancing risk management techniques, thereby increasing the efficiency of the analytic process. It also performs the function of risk analytic for small scale and medium scale projects, and provides a scenario for risk analysts to compare current and previous projects.