Developing custom software can be extremely complex. While you cannot eliminate the risks in software development, you can take steps to avoid them. That means the members of your development team will have to work overtime or you will have to add more people to get the job done. If not, then it makes sense to focus your efforts on the most important features of the software, rather than addressing each task equally. Start with a business analysis of the software development project, then formalize the business requirements into functional specifications, describing all the features in detail and prioritizing them in order of importance.
You can read more here: https://www.insureon.com/blog/how-tech-companies-can-mitigate-software-development-risks
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