Managing Information Technology (IT) Project Risk

Vol. 1 No. 4

Year : 2007

Issue : Mar-May

Title : Managing Information Technology (IT) Project Risk 

Author Name : Richard M. Kesner 

Synopsis : 

IT field is growing fast and developments are happening rapidly. Every professional wants to achieve the maximum in this, but to achieve success in project delivery, information technology (IT) professionals need to be good risk managers.  Given the scope and complexity of many IT projects, risk management is both a major concern and a serious challenge.  This article considers the dimensions of IT project risk and recommends processes for the tracking and mitigation of these barriers to successful project delivery.   Built upon years of field-tested experience, the author’s approach includes a comprehensive view of risk factors as well as a simple but effective tool for assessing IT project risk.  As the author will demonstrate, if the identified risks of particular project are too great, his process and tool set will drive the project team to either risk exposure mitigation or the rescoping of the effort to remove particular pitfalls that might otherwise adversely affect delivery.