Understanding IT Project Risk Factors
Tuesday, February 12th, 2008Organizations implement IT projects for a myriad reasons, such as to improve e-commerce capabilities, increase market share or achieve operational efficiencies. Project success will depend on several factors, including the capacity, skills and competencies of the project team and retaining the team once assembled.
Hence, a key project risk factor is the selection of the project team. A key decision many organizations face is ”do we undertake the project in-house, or do we engage consultants to manage and implement the project on our behalf?“ Depending on the nature of the project, the organization may have to live with the consequences of this decision for many years to come.