Any software project that's worth starting will be vulnerable to risk. Since greater risks bring greater rewards, a company that runs away from risk will soon find itself lagging behind its more adventurous competition. By ignoring the threat of negative outcomes---in the name of positive thinking or a Can-Do attitude---software managers drive their organizations into the ground. In Waltzing with Bears, Tom DeMarco and Timothy Lister---the best-selling authors of Peopleware---show readers how to identify and embrace worthwhile risks. Developers are then set free to push the limits. You'll find that risk management 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 taught to identify the most common risks faced by software projects: schedule flaws; requirements inflation; turnover; specification breakdown; and under-performance. Packed with provocative insights, real-world examples, and project-saving tips, Waltzing with Bears is your guide to mitigating the risks---before they turn into problems.