Risk management is a hot topic for those who manage software development projects. There is a lot of talk about how to manage risks correctly. Academic literature endeavours to understand the reasons for project failures. Widely accepted frameworks and renowned professional associations draw up guides and methodologies that managers swear they will follow to the letter. How much do these guides and frameworks really contribute to project success? What are the risks that academic literature points out? And what is the contribution of administrative science to software project management? This book compiles approaches to risk management in information systems projects. Academic literature and market approaches are reviewed and grouped in their similarities and differences, providing a broad understanding of the topic. Case studies illustrate what managers actually apply, in terms of the body of knowledge, to their projects. Finally, a critical analysis invites reflection on the role of so many methodologies and of Management itself in this activity, which is so important for the IT area.