A Framework for Identifying and Understanding Risks in Information Technology Projects

Managing the costs, complexity, and risks of IT projects continues to be a challenge for many organizations. Project risk management is becoming an important sub-discipline of software engineering, and focuses on identifying, analyzing, and developing strategies for responding to project risk effici...

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Bibliographic Details
Published in:Journal of international technology and information management 2010-01, Vol.19 (1), p.61
Main Author: Marchewka, Jack T
Format: Article
Language:English
Subjects:
Costs
Estimates
Identification
Industrial project management
Information technology
Management
Methods
Planning
Project management
Risk management
Software engineering
Studies
Success
Citations: Items that cite this one
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Description
Summary:Managing the costs, complexity, and risks of IT projects continues to be a challenge for many organizations. Project risk management is becoming an important sub-discipline of software engineering, and focuses on identifying, analyzing, and developing strategies for responding to project risk efficiently and effectively. This paper presents an IT project risk identification framework to facilitate identifying and understanding various project risks as part of an overall project risk management process. The proposed framework should be of interest to IT practitioners during the creation of the project plan and over the course of a project so that appropriate and corrective actions can be taken as needed. Moreover, this risk identification framework should also be of interest to IT academics in terms of teaching project risk management or as a theoretical basis for future research. Taken together, this may help increase the likelihood of IT project success.
ISSN:1941-6679
1543-5962
1941-6679
DOI:10.58729/1941-6679.1057