![]() ![]() To examine these risks, you need to understand weaknesses that hackers can exploit. Cybersecurity RisksĪs an IT project manager, you incorporate new technologies that enable business processes, but untested technologies come with untested vulnerabilities. Potential risks in IT projects fall into five different categories. Despite the term “unknown,” many of these potential risks can be identified by looking at other organizations doing similar projects, and reviewing what happened to them. Risk of the UnknownĪlthough anything can happen, not everything will. Potential impacts are typical to day-to-day operations, resulting in operational risk. Integration risk covers the problems when technology and business processes don’t work well together. Risk in ExecutionĮxecution risk focuses on resource availability, stakeholder commitment, employee competence in performing the work, and resistance within the organization. In IT, identified risks fall into three categories. At the same time, however, early completion might affect the training schedule for using the software appropriately. For example, risk software development completed ahead of schedule increases productivity. Some, such as early project completion, are positive. Start with Risk Identification to Streamline the ProcessĪ risk event is defined as a potential event or condition that can help or harm the project. ![]() In short, project management is a bundle of work that often goes unappreciated. Project management in IT focuses on defining the goal or need, planning the steps to meet the goal, executing the plan, monitoring and controlling the work to remain within the budget, and closing out each step. What Is Project Management in Information Technology? The resultant consequences on cost, schedule, and performance would significantly harm the budget, timeline, and development. ![]()
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