Risk and risk management in software projects: A reassessment

Bannerman, Paul L.

doi:10.1016/j.jss.2008.03.059

Cited by 285 publications

(245 citation statements)

References 56 publications

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“…Although there was high importance of risk management to IT project success, the adoption of these risk management methods in practice is inconsistent [6,7]. In addition, many project managers decide not to apply any risk management due to financial reasons.…”

Section: Introductionmentioning

confidence: 99%

Effects of Risk Management Practices on IT Project Success

Pimchangthong

Boonjing

2017

Management and Production Engineering Review

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Successful management of an information technology (IT) project is the most desirable for all organisations and stakeholders. Many researchers elaborated that risk management is a key part of project management for any project size. Risk management is so critical because it provides project managers with a forward-looking view of both threats and opportunities to improve the project success. The objectives of this research are to explore organisational factors affecting IT project success and risk management practices influencing IT project success. Risk management practices include risk identification, risk analysis, risk response planning, and risk monitoring and control. The IT project success is measured by process performance and product performance. Data are collected from 200 project managers, IT managers, and IT analysts in IT firms through questionnaires and analysed using Independent Sample t-test, One-way ANOVA, and Multiple Linear Regression at the statistical significance level of 0.05. The results show that the differences in organisational types affect IT project success in all aspects, while the differences on organisational sizes affect IT project success in the aspect of product performance and total aspects. Risk identification and risk response planning influence the process performance and the total aspects of IT project success. Risk identification has the highest positive influence on product performance, followed closely by risk response, while risk analysis negatively influences product performance.

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Section: Introductionmentioning

confidence: 99%

Effects of Risk Management Practices on IT Project Success

Pimchangthong

Boonjing

2017

Management and Production Engineering Review

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“…In addition, an effective risk management process requires a project manager to be involved in certain tasks and responsibilities such as promoting confidence to deliver project objectives, providing a series of favorable alternative actions, developing chance of success, reducing undesired events and uncertainties, improving actual estimating, and reducing rework through promoting team awareness about risk [60].…”

Section: Risk Managementmentioning

confidence: 99%

DEMATEL-ANP Risk Assessment in Oil and Gas Construction Projects

et al. 2017

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Oil and gas construction projects are complex and risky because of their dynamic environment. Furthermore, rising global energy demand has increased the need for trustworthy risk assessment models for such projects that can provide adequate and precise policy planning. Traditional risk assessments in oil and gas construction projects do not consider the interrelationships of factors in the best-fit models. The Decision Making Trial and Evaluation Laboratory (DEMATEL) and Analytic Network Processes (ANP), called the DEMATEL-ANP approach, have been applied to other research disciplines to address this shortcoming. This method is able to construct a structural relationship among the different influence factors to visualize complex correlations. Thus, the purpose of this study is to showcase the DEMTAL-ANP risk assessment model to assess the overall risk factors of OGC projects. This study thus identifies the crucial risk criteria of such projects. Data were collected in 2016 through interviews with experts active in OGC projects in Iran. DEMATEL in this situation is used to determine the interdependencies' relative strengths among the risks. The ANP method is applied to assess the relative importance of the risk factors and to determine the best strategy for implementation of a risk management program. The results presented in this study are a novel adaptation of the risk assessment methodology to OGC projects that determines the important risk factors that directly affect the project success, which in turn helps in formulation of policies for ensuring reliable energy supply planning.

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“…Some key points that lead to failure of risk management include  Shortage of resources,  Complexity of projects,  Improper initial project definition,  Downstream design changes etc. (Bannerman, 2008).…”

Section: Literature Reviewmentioning

confidence: 99%

Critical success factors in information technology projects

Fayaz¹,

Kamal²,

Amin³

et al. 2017

10.5267/j.msl

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The purpose of this study is to determine the critical success factors (CSF) of IT projects in Pakistan. The identified factors cannot only be functional to exact type IT projects but also to all types of IT projects, their success directly affects the achievement of whole organization. The proposed study of this paper has determined 15 factors influencing the most on the success of IT projects through multiple regression analysis. The survey has disclosed that many CSFs were found related to IT projects but these 15 factors are also the backbone of IT projects. The research results obtained clearly indicated that the Leadership Qualities played a significant role in obtaining Top Management support in order to access to resources however, the Leadership Qualities did not play any role on the trained and capable Project Team Members. Besides, it is undoubtedly defined effective communication of the project was established to be influential on the conclusion and contributing factor towards the Success of IT projects in Pakistan. Top Management Support as a whole was not found to play a key role in the IT Project Success.

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Risk and risk management in software projects: A reassessment

Cited by 285 publications

References 56 publications

Effects of Risk Management Practices on IT Project Success

Effects of Risk Management Practices on IT Project Success

DEMATEL-ANP Risk Assessment in Oil and Gas Construction Projects

Critical success factors in information technology projects

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