Offshoring is a widely used practice in the software development. It is mainly employed to reduce development costs. However, as in a number of studies has been shown, about 40 % of offshore software development projects are flops. One predominant reason for it is the lack of standardized and practicable methods of risk management due to the inherent complexity of software development
offshoring. Thus, suitable methods and tools for the risk management specific to such projects are required.