Agile development methods come both with rewards as well as risk. This is the fact why one has to give enough emphasize on project risk management. Giving enough concentration on risk management is important when deciding how to proceed with a project and assign product features. Software development in India is highly based on agile development methods, so it becomes important for the developers to give emphasize on risk management.
A risk comes with three essential components: uncertainty, loss and finite duration. In India, software developers often cannot decide on the fact whether the risk will occur or not, which is not at all an easy fact to decide. When a risk is certain, it becomes an issue, which needs to be dealt in a different way. A risk can be prevented from occurring, as it is measured beforehand, while an issue cannot be determined beforehand, so we need to deal with it anyway.
Companies offering software development in India, need to understand the fact that a risk will always come with a loss; loss of money, loss of time and loss of market as well. Risk severity can be counted on the parameters on which ground the project can suffer. But there is nothing to panic when a risk occurs. After all, risks are a part of any project; and risks are temporary. A risk will expire as one moves forwards with the project phases. In India, software developers measure risks beforehand they start working on any project.