Risks associated with the development process of in-house information system projects

Abstract

To provide a risk management perspective for managers responsible for in-house project development, we investigated how the risks associated with an in-house information system (IS) project evolve during the software development process. We conducted interviews and content analysis to examine the risks that affect project delivery quality. Three companies participated in this research. The results of this study indicate that risks related to organizational structure persist throughout the software development process. Content analysis indicated that in the conducted interviews, sentences regarding task- and actor-related risks characterized the first two phases of this process, and sentences regarding technology-related risks characterized the last two (third and fourth) phases. The results also suggest that different types of risks exert pressure on in-house project teams to reassess the weaknesses and resource allocation in a project and the possible solutions to any potential problems. This research explains risk dynamics throughout the life cycle of in-house IS development. Moreover, the findings of this study can help project managers identify the risks associated with the project development process that directly affect the project results.

Enhancing banking performance through dynamic digital transformation capabilities and governance, risk management, and compliance: Insights from the Indonesian context

“…Following to Teece et al (2009), companies must also be adequate to administer jeopardy related to digital transformation (Chouaibi et al, 2022; Lim et al, 2011; Murinde et al, 2022; Yu & Lin, 2022). As one of the companies disrupted by the digital economy centenary (Vishnuvardhan et al, 2020), the banking industry must improve the quality of digital risk management and maintain a high level of compliance with regulatory provisions to achieve sustainable business performance (Aracil et al, 2021).…”

“…GRC is severe to the eclat of digital transformation because it enables organizations to manage the risks and challenges inherent in the process while ensuring compliance with regulations and laws (Chouaibi et al, 2022). Effective governance helps to ascertain that digital transformation efforts are well‐coordinated and harmonic with the overall direction of the organization, risk management identifies, assesses, and mitigates the risks associated with digital transformation, and compliance ensures that organizations adhere to laws and regulations, protects sensitive data, and maintains ethical standards (Chouaibi et al, 2022; Yu & Lin, 2022). Based on the study about the importance of risk management and ensuring regulatory compliance in implementing digital transformation to improve company performance, we propose the hypothesis that:H3 GRC has a positive implication as a moderating variable on DT in improving business performance.…”