you can have a look at the open source portal http://www.osgeo.org/ (if you dont)... the common software used are GRassGIS, Quantum or GvSIg..but not sure for the context of flood modeling, simulation....
It very much depends on what you mean with "flood management". Do you 1) want to understand the dynamics of the flood through hydrological models and meteorological data or 2) manage the consequences on a socioeconomic side? I suggest you elaborate your question a bit. This will in turn give you more specific answers.
Thanks Mr Ragnvald Larsen, actually I would like to develop the system something similiar to Waze which all the inputs is from the user but my system is mainly for managing the occurance of flood in any area.