Abstract: A dynamic software risk assessment model is
presented. Analogies between dynamic financial analysis and
software risk assessment models are established and based on these
analogies it suggested that dynamic risk model for software projects
is the way to move forward for the risk assessment of software
project. It is shown how software risk assessment change during
different phases of a software project and hence requires a dynamic
risk assessment model to capture these variations. Further evolution
of dynamic financial analysis models is discussed and mapped to the
evolution of software risk assessment models.