Publication Type

Journal Article

Publication Date

1-1994

Abstract

The development and implementation of IT (Information Technology) projects are plagued with problems of cost and time overruns. technical inadequacy, inability to meet user requirements. lack of utilization. and failure to achieve anticipated benefits. These problems occur to some projects and not to others because I) IT projects have different profiles of risk. and 2) IT project risks have been managed more or less effectively. This paper synthesizes the literature into four classes of risks. and applies it to evaluate TradeNet. an EDLbased trading system implemented in Singapore in I989. Through a case study of TradeNet. we derived a typology of four risk management strategies for IT projects: I) risk preemption. 2) risk reduction. 3) risk isolation. and 4) risk sharing. Each risk management strategy is described in terms of the tactics and mechanisms used in the TradeNet project. Some of these tactics include: positioning the system. providing incentives for adoption. managing project development. information and expertise. scoping the system. separating accountability. surfacing of problems. cooperating with organizations, coopting key personnel. and connecting to other systems. The relevance of these risk management strategies is analyzed and discussed.

Discipline

Databases and Information Systems | Management Information Systems | Technology and Innovation

Research Areas

Corporate Reporting and Disclosure

Publication

Journal of Global Information Technology Management

Volume

5

Issue

3

First Page

29

Last Page

45

ISSN

1097-198X

Publisher

Taylor & Francis (Routledge): Library and Information Science

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.