Correlational Study of Risk Management and Information Technology Project Success

A must read for project management professionals, managers and stakeholders who want to better understand what impacts IT project success the most in order to achieve more favorable project results. Since many IT projects fail to fully meet original goals, examination of project risk management tools and techniques will help to inform and educate the reader on important topics within this often misunderstood body of knowledge.

Few studies have examined the relationship between the use of project risk management processes and project success as measured by project outcomes, including budget, schedule and scope. Readers will, therefore, gain a competitive ability to understand current and relevant academic and non-academic research in the area of project risk management, gaps in the research, best practices that can be incorporated into their projects, programs or portfolios, as well as learning about recommendations for further research.

This book addresses the effectiveness of utilizing project risk management processes as they correlate to improved IT project success, based on a research study and survey of nearly 100 project management professionals. After reading this book, you will take away specific and concrete evidence that emphasizes which project risk management tools and techniques often correlate with project success, irrespective of a project manager's level of education, experience or type of certification.

Keywords: brainstorming, compliance, contingencies, corrective action, critical risks, data analysis, ethical considerations, execution, forecasting, framework, impact assessment, impact measurements, information systems, information technology (IT), knowledge management systems (KMS), measurements, risk mitigation, paradigms, performance targets, planned risk management, probability assessment, probability measurements, probability-impact analysis, Project Management Body of Knowledge (PMBOK), project manager, project risk management, requirements, research design, return on investment (ROI), risk analysis / risk assessment, risk audits, risk modeling, modeling and simulation, task management, technical project failure, tracking