Risk Assessment and Planning in IT Projects

Introduction
This report outlines risk management in general and considers risks within the early stages of a development lifecycle in relation to IT projects. Different Risk methods are analysed and then conclusions on risks within the early stages of a project are made. Planning within the context of IT projects is considered with reference to development models and hard and soft systems methodologies. Then criticisms of methodologies are provided in relation to the new IT era.
Risk Assessment and Management
Wharton (1992) concludes that risk assessment is the articulation of risks in terms of their likelihood and seriousness. Risks should be focussed on from the start of a project, at conceptual stages and then watched closely as projects proceed. Insight in to early project factors likely to threaten project success will help project mangers and other stakeholders to better predict the likelihood of their projects success (Proccaccino, 2002). …