Project Risk Management Of Information Technology

PROJECT RISK MANAGEMENT IN INFORMATION TECHNOLOGY By POURUSPA ANKLESARIA 18154704 Executive Summary This report revolves around the risks in Information Systems Project and also gives a brief idea on Information technology project management. The project also shows and discusses the importance and the role of project manager in making the project a success. Risk and how to deal with it, risk management using Work Breakdown Structure 1.0 Introduction This report aims to discuss risks and difficulties faced in Information Technology projects during its development stage and also how to avoid these risks in Information Technology projects. Improving project management remains a primary concern for managers. Successful projects in Information Systems and Technology enables organizations to develop a powerful supply network and improve the capability of operations management (Liu 2015). An important part of risk management is to focus on analysing vulnerabilities and threats to the information resources and deciding what counter measures should be taken to reduce risk (Feng, Wang and Li 2014). Potential risks cover a wide range of areas like operational and financial risks, to less tangible risks referred to as internal non-technical risks, organisational risks or personnel risks (Becker and Smidt 2015). 1.1 Scope of the Literature Review TABLE 1 SHOWS THE KEY TERMS,Show MoreRelatedStages Of The Software Development Life Cycle Essay1519 Words   |  7 Pagesrequirements are analyzed. Problem to be solved by the system is identified and the steps to be followed are put in place. It is one of the most critical step because failure to understand user requirements may lead to delivery of a totally different project. 2. 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