The authors present the benefits of risk management, including that it • makes aggressive risk-taking possible • protects management from getting blindsided • provides minimum-cost downside protection • reveals invisible transfers of responsibility • isolates the failure of a subproject.

Readers are armed with strategies for confronting the most common risks that software projects face: • schedule flaws • requirements inflation • turnover • specification breakdown • and under-performance.

Waltzing with Bears will help you mitigate the risks—before they turn into project-killing problems. Risks are out there—and they should be there—but there is a way to manage them.