Paper Type
Completed Research Paper
Abstract
Project management processes such as risk management are used in many organizations however; research shows risk management is the least mature of all project management knowledge areas. This is important because poor risk management is one of many challenges on IS/IT projects that can lead to failure. The goal of this paper is to determine if the level of actual risk management process usage is important to successful project outcomes. A research study was conducted which surveyed over 550 project management practitioners about risk management on their own virtual IS/IT project. Survey responses were analyzed and a correlation analysis was conducted to determine if a relationship existed between risk management process usage and project outcome. The results indicated there was a definite relationship and specifically the “high usage” level of risk management processes is important to successful project outcomes while other lower levels are not as important.
Recommended Citation
Reed, April H., "Exploration of Risk Management Process Usage Levels and Their Relationship to Project Outcomes" (2013). AMCIS 2013 Proceedings. 6.
https://aisel.aisnet.org/amcis2013/ITProjectManagement/GeneralPresentations/6
Exploration of Risk Management Process Usage Levels and Their Relationship to Project Outcomes
Project management processes such as risk management are used in many organizations however; research shows risk management is the least mature of all project management knowledge areas. This is important because poor risk management is one of many challenges on IS/IT projects that can lead to failure. The goal of this paper is to determine if the level of actual risk management process usage is important to successful project outcomes. A research study was conducted which surveyed over 550 project management practitioners about risk management on their own virtual IS/IT project. Survey responses were analyzed and a correlation analysis was conducted to determine if a relationship existed between risk management process usage and project outcome. The results indicated there was a definite relationship and specifically the “high usage” level of risk management processes is important to successful project outcomes while other lower levels are not as important.