Abstract: A system and method for predictive categorization of risk of at least one project related activity is provided. The system and method provide categorization of the project related activity into one of a plurality of predetermined risk categories. Further, the risk category of the project related activity is predicted in at least one stage of the project life cycle. The method comprises collecting inputs pertaining to the project related activity being categorized and a predetermined set of details for categorizing the project related activity. The method further comprises categorizing the project related activity by applying discriminant analysis. The application of discriminant analysis comprises constructing a set of functions based on the predetermined set of details. Thereafter, the constructed set of functions are applied on the details collected pertaining to the project related activity, wherein the functions are applied for predicting the risk category of the project related activity.

Abstract: The present invention provides a method and system for evaluating a plurality of software applications for offshore testing. A criteria model including one or more criteria for assessing the viability of offshore testing is defined by one or more tool administrators. Thereafter, one or more experts assign scores to the plurality of software applications with reference to the criteria model. One or more cumulative scores may then be calculated for each of the plurality of software applications based on the assigned scores. Further, a graph may be generated on the basis of the one or more cumulative scores. Subsequently, one or more software applications are identified for offshore testing. A transition plan for offshore testing of the one or more software applications may also be defined.

Abstract: The present invention provides a method, system and computer program product for evaluating risk mitigation plan alternatives, to manage the risks related to a business process. A criteria model is defined, including one or more criteria against which the risk mitigation plan alternatives are evaluated. Weights are also assigned to the criteria. One or more risk assessors assign scores to the risk mitigation plan alternatives with reference to the criteria model, based on a predefined scale. Thereafter, the utility values of the risk mitigation plan alternatives are calculated, based on the weight and a probability assigned by a risk assessor, wherein the probability is a measure of the uncertainty in the score assigned to the criteria. The risk mitigation plan alternatives are evaluated, based on the utility values, and accordingly, an optimal risk-mitigation plan may be selected.