Title: Risk management in information technology projects

Authors: Prasanta Kumar Dey, Jason Kinch

Addresses: Operations and Information Management, Aston Business School, Aston University, Birmingham B4 7ET, UK ' First Caribbean Bank, Barbados

Abstract: There are several studies on managing risks in information technology (IT) projects. Most of the studies identify and prioritise risks through empirical research in order to suggest mitigating measures. Although they are important to clients for future projects, these studies fail to provide any framework for risk management from IT developers| perspective. Although a few studies introduced a framework of risk management in IT projects, most of them are presented from clients| perspectives and very little effort has been made to integrate this with the project management cycle. As IT developers absorb a considerable amount of risk, an integrated framework for managing risks in IT projects from developers| perspective is needed in order to ensure success in IT projects. The main objective of the paper is to develop a risk management framework for IT projects from the developers| perspective. This study uses a combined qualitative and quantitative technique with the active involvement of stakeholders in order to identify, analyse and respond to risks. The entire methodology has been explained using a case study on an information technology project in a public sector organisation in Barbados.

Keywords: analytical framework; information technology projects; risk management; project management; public sector; Barbados.

DOI: 10.1504/IJRAM.2008.019747

International Journal of Risk Assessment and Management, 2008 Vol.9 No.3, pp.311 - 329

Published online: 29 Jul 2008 *

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