Project risk management role in reducing failure of information technology projects

Abstract

The purpose of this study is to understand the role of project risk management to reduce failure in information technology projects. In order to accomplish the purpose of the study the research questions were developed to determine the objectives of the study. Research methodology was discussed in general and the researcher chose the research methodology that was suitable for the study. The research methodology that was chosen for the study was used as a guideline for the researcher. Based on the title of the study the literature review was developed to understand project management and the role of project risk management to reduce failure of Information Technology projects, the causes of Information Technology projects failure was discussed. The methodology research design part of the study involved quantitative methods, to gather data that elaborated more on the role of project risk management to reduce Information Technology project failure. The data collected was evaluated according to the responses from the participants and Pareto Analysis (80/20) principle. The data collection methods used are interview and survey that included questions about risk management and Information Technology project failure, observation to check the way participants responds during the interview. The results were used to make recommendations for the study and Pareto analysis was used to determine the support of participants from largest to lowest. Data collected limited the study to focus on Project Management knowledge area which is Project Risk Management, due to time and funding. The recommendations were made to improve on how Information Technology projects failure can be reduced.