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Jill Palzkill Woelfer - One of the best experts on this subject based on the ideXlab platform.

  • Information Technology Project risk management: bridging the gap between research and practice
    Journal of Information Technology, 2012
    Co-Authors: Hazel Taylor, Edward Artman, Jill Palzkill Woelfer
    Abstract:

    The gap between research and practice is strikingly evident in the area of information Technology (IT) Project risk management. In spite of extensive research for over 30 years into IT Project risk factors resulting in normative guidance on IT Project risk management, adoption of these risk management methods in practice is inconsistent. Managing risk in IT Projects remains a key challenge for many organizations. We discuss barriers to the application of normative prescriptions, such as assessments of probability and impact of risk, and suggest a contingency approach, which addresses the uncertainties, complexities, and ambiguities of IT Projects and enables early identification of high-risk Projects. Specifically, in a case study, we examine how the Project management office (PMO) at one organization has bridged the gap between research and practice, developing a contingency-based risk assessment process well founded on research knowledge of Project dimensions related to Project performance, while also being practical in its implementation. The PMO's risk assessment process, and the risk spider chart that is the primary tool in this assessment, has proven to be effective for surfacing inherent risk at the early stages of IT Projects, thereby enabling the recommendation of appropriate management strategies. The PMO's Project risk assessment process is a model for other organizations striving to engage in effective and collaborative practices in order to improve Project outcomes. The case illustrates the importance of considering the practical constraints of the context of application in order to transform research findings into practices that promote attainment of desired outcomes.

Hui Wang - One of the best experts on this subject based on the ideXlab platform.

Mona Jamporazmey - One of the best experts on this subject based on the ideXlab platform.

  • information Technology Project evaluation an integrated data envelopment analysis and balanced scorecard approach
    Expert Systems With Applications, 2010
    Co-Authors: Abbas Asosheh, Soroosh Nalchigar, Mona Jamporazmey
    Abstract:

    Information Technology (IT) is a tool crucial for enterprises to achieve a competitive advantage and organizational innovation. A critical aspect of IT management is the decision whereby the best set of IT Projects is selected from many competing proposals. The optimal selection process is a significant strategic resource allocation decision that can engage an organization in substantial long-term commitments. However, making such decisions is difficult because there are lots of quantitative and qualitative factors to be considered in evaluation process. This paper has two main contributions. Firstly, it combines two well-established managerial methodologies, balanced scorecard (BSC) and data envelopment analysis (DEA), and proposes a new approach for IT Project selection. This approach uses BSC as a comprehensive framework for defining IT Projects evaluation criteria and uses DEA as a nonparametric technique for ranking IT Projects. Secondly, this paper introduces a new integrated DEA model which identifies most efficient IT Project by considering cardinal and ordinal data. Applicability of proposed approach is illustrated by using real world data of Iran Ministry of Science, Research and Technology.

Hazel Taylor - One of the best experts on this subject based on the ideXlab platform.

  • Information Technology Project risk management: bridging the gap between research and practice
    Journal of Information Technology, 2012
    Co-Authors: Hazel Taylor, Edward Artman, Jill Palzkill Woelfer
    Abstract:

    The gap between research and practice is strikingly evident in the area of information Technology (IT) Project risk management. In spite of extensive research for over 30 years into IT Project risk factors resulting in normative guidance on IT Project risk management, adoption of these risk management methods in practice is inconsistent. Managing risk in IT Projects remains a key challenge for many organizations. We discuss barriers to the application of normative prescriptions, such as assessments of probability and impact of risk, and suggest a contingency approach, which addresses the uncertainties, complexities, and ambiguities of IT Projects and enables early identification of high-risk Projects. Specifically, in a case study, we examine how the Project management office (PMO) at one organization has bridged the gap between research and practice, developing a contingency-based risk assessment process well founded on research knowledge of Project dimensions related to Project performance, while also being practical in its implementation. The PMO's risk assessment process, and the risk spider chart that is the primary tool in this assessment, has proven to be effective for surfacing inherent risk at the early stages of IT Projects, thereby enabling the recommendation of appropriate management strategies. The PMO's Project risk assessment process is a model for other organizations striving to engage in effective and collaborative practices in order to improve Project outcomes. The case illustrates the importance of considering the practical constraints of the context of application in order to transform research findings into practices that promote attainment of desired outcomes.

T L Zheng - One of the best experts on this subject based on the ideXlab platform.