International Journal of Electrical, Electronics and Computers, 5(6) Nov-Dec, 2020 | Available: http://eecjournal.com/ ISSN: 2456-2319 https://dx.doi.org/10.22161/eec.563 32 Software Project Risk Management Practice in Oman Raqiya Ahmed Al Hilali, Smiju Sudevan Modern College of Business & Science, MCBS, AL-Khuwair 133, Oman, Sultanate of Oman Received: 08 Nov 2020; Received in revised form: 10 Dec 2020; Accepted: 20 Dec 2020; Available online: 29 Dec 2020 ©2020 The Author(s). Published by Infogain Publication. This is an open access article under the CC BY license (https://creativecommons.org/licenses/by/4.0/). Abstract— Oman is a member of Gulf Cooperation Council (GCC). It is located in Southwest Asia and it has strategic significant boundaries, Overlooking the Arabian Sea, Gulf of Oman, and the Persian Gulf. It is the 80th in Global Innovation Index in 2019 and 63 in E-Government Development Index in 2018. Oman is an effective member of the Greater Arab Free Trade Agreement (GAFTA) and the World Trade Organization (WTO). Furthermore, Oman's government has continued efforts to develop local and foreign investments by signing a Free Trade Agreement (FTA) with the USA. Oman plays a significant role in investments due to its strategic location connected to the markets in the Gulf, the Middle East, Asia, and Africa. Oman's vision is to involve all new technologies to be always beside the developed countries. To achieve that, Oman established The Government Innovation Initiative to encourage government entities in creativity and introduce their suggestions to enhance governmental performance and enhance the efficiency in different fields. This is realized by involving modern technologies like the Internet of Things (IoT), Artificial Intelligence (AI), Cloud Computing, Virtual Reality Applications, and Blockchain. In Oman, the risk management approach is a core technique. Three major stages are applied systematically in risk management in software projects. These stages involve a) identifying the risk; b) analyzing and assessing the risk, and c) reaction to the risk. There is no doubt that the high risk belonged to business will have negative impacts on all of its participants. Wherefore, this paper sheds the light on that knowledge area. The aim of this paper is to review the present literature on risk management processes implemented in software projects. There is a dearth in the literature which covers the risk management area knowledge in Oman's organizations. This paper target finding out the commonly used frameworks or mechanisms in risk management in software projects. It also tries to collect the responses to state the various types of risk origins in the existing profit and non-profit organizations in Oman and to recognize the coming research trends in this area. Keywords— Risk Management; Software projects; Oman; Risk Management process; Risk Management Stages. I. INTRODUCTION To have a clear vision of what is the meaning of the concept risks, risk can be defined as the sudden event that may cause a loss/gain or the probability of occurring a loss/gain multiplied by its corresponding magnitude [1].Risks can be categorized as, known, and unknown. Known risks could be identified and then analysed, which means risk planning, and having preregistered responses is possible for this type. In contrast, it is impossible to proactively plan for an Unknown risk. Thus, such risks should be anticipated, and provide a risk reserve becomes needful and vital [2].Each risk should have an appropriate