A Method for Effective IT Project Risk Management

Abstract

In this paper we introduce a project risk control strategy that is developed regarding IT organizations, requiring them to operate their projects having further securities along with regular procedures. Successful completion of these projects is essential for their advancements, like process improvement, market adaptation and new regulation, including the integration of information and control systems, etc. Often, project managers are not real strategic planning experts, however, the projects will have to still be driven by limited paperwork with sufficient opportunity to be autonomous. This paper attempts to build a method with a comprehensive investigation throughout a large proportion of IT companies regarding the project risk reduction strategy described herein. This approach is focused on risk evaluation and management of IT projects within the organizations, which, provides easy, suggested steps as well as recommended methods, models and threat check-lists. Results were evaluated by5 successful IT project managers dealing in categories of IT business including software engineering firms from different attributes (creativity, software solutions as well as ICT frameworks).