A Method for Effective IT Project Risk Management
Malaya Nayak

Malaya K. Nayak*, Executive Director, IT Buzz Ltd and U-Com Software Private Ltd. Pune, Maharashtra, India..
Manuscript received on January 23, 2020. | Revised Manuscript received on February 05, 2020. | Manuscript published on February 30, 2020. | PP: 3480-3484 | Volume-9 Issue-3, February 2020. | Retrieval Number:  C5629029320/2020©BEIESP | DOI: 10.35940/ijeat.C5629.029320
Open Access | Ethics and Policies | Cite | Mendeley
© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)

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).
Keywords: IT firms; Project risk management; Risks evaluation.