Risk management in large-scale information system projects

Authors

DOI:

https://doi.org/10.4108/eetsis.4608

Keywords:

artificial intelligence, blockchain, process automation, paradigm shift, systems integration

Abstract

This article deals with project management in information systems, whose relevance lies in the vital importance of these systems in modern companies. Information systems are essential for decision making and data management in today's interconnected world. Project management, on the other hand, coordinates elements such as scope, resources, costs, schedules and risks to achieve defined objectives. The systems development life cycle (SDLC) structures the process, encompassing phases such as scope definition, planning, execution, monitoring and closure. These phases are integrated with risk management, which identifies, evaluates and mitigates threats and opportunities. Mitigation strategies act before adversity, while contingency planning prepares for the unforeseen. That is why risk management is integrated throughout the project life cycle to anticipate and address challenges. The combination of both aspects is critical in a constantly evolving technology environment. In addition, organizational culture and communication play a critical role. A culture of awareness and accountability, transparency in communication and active stakeholder participation are essential. Training and continuous adaptation allow learning from past experiences and improving practices.

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22-03-2024

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Castillo-Ñopo DA, Loyola-Blanco KF, Castro-Marca R, Rosa-Gavino GDL, Aragón-Retuerto JG, Rafael-Sifuentes HA, Marín Rodriguez WJ. Risk management in large-scale information system projects. EAI Endorsed Scal Inf Syst [Internet]. 2024 Mar. 22 [cited 2024 Dec. 23];11(4). Available from: https://publications.eai.eu/index.php/sis/article/view/4608

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