Case Study Of Itrexsoft, A Software Development And Integration Company

In this report, we analysed and evaluate the project management of the case: The case, The PCNet Project (A): Project Risk Management in an IT integration Project. We had look into the project definition phase of the PCNet project and discuss some of the problems that emerged during the project in relation to project definition phase. We also evaluated the role of the PCNet project manager and discussed some of the core skillsets demanded by the job role. The risk management aspect of the PCNet project was also studied in our report. Lastly we made recommendations to address the dilemma faced by Jack Muller, the project manager for the PCNet project.

The following short case will give you a good idea of how risks surface in business and project planning and what companies do about it. Consider that you are the Risk Manager as you look at this case, as it will be a good exercise for the time when you will be that Risk Manager!

IT projects can have a lot of different components to them which creates the potential for more risks. These risks need to be identified, analyzed, and addressed as the project progresses (Schwalbe Ph.D., 2014). There are different types of risk that can affect the implementation of a system that will allow people to manage their own human resource information. A positive risks can produce a project under budget or ahead of schedule, while a negative risks can have adverse effects on a project such as going way over budget. There are also some risks that do not have a positive or negative impact on a project. Identifying risks and addressing them is mostly handled by the program manager.

At the end all the risk are finance related, because the liability’s cost money and this will have an effect in the company’s earnings, so what is important is not only to try to avoid such events but also to be prepare in case they happen and have a plan, is like the saying “Hope for the best but be prepare for the worst”.

When the manager of project carried out its work plan should take into consideration the possible risks that may occur within the project. The risk is the possibility that occurs a problem within a project and that may cause some change within the same (Heldman, 2011). It should be noted that not all risks are bad since they can be potential opportunities to make some changes that will improve the overall status of the project. In the same way a risk not taken into account in time can create one problem in the project and can completely change the final performance of the project. The project manager can take several elements to identify the risks. Some elements and documents that can be used to identify risks are: search internal risks of the project, such as resources

However, when IT projects fall behind schedule, these efficiencies can quickly evaporate and lead to cost overruns, glitches and bugs. (3) Due to their inherently complex nature, IT projects are susceptible to many types of failures; mainly caused by a lack or risk management and flexibility. Many of the risks present in IT projects are unrealistic goals; inaccurate estimates of needed resources; badly defined system requirements; poor reporting of the project’s status; poor communication between developers and users; adoption of immature technology; inability to cope with project complexity; sloppy developed practices; mismanagement of the project; stakeholder politics; and commercial pressures. (4) With so many potential risks, it is not surprising that IT projects that are completed on time, and on budget, are more the exception rather than the rule. Additionally, before IT projects begin, clear objectives and the allocation of time and resources need to be defined; all of which are usually lacking for one reason or another. The result is a high failure rate associated with IT projects overall, which puts a spot light on the need for organizations to improve their risk management abilities and design processes that will allow them the flexibility to reallocate resources when unexpected problems when they

Identify the potential risks which affect the company and manage these risks within its risk appetite;

Risk or threat is common and found in various fields of daily life and business. This concept of risk is found in various stages of development and execution of a project. Risks in a project can mean there is a chance that the project will result in total failure, increase of project costs, and an extension in project duration which means a great deal of setbacks for the company. The process of risk management is composed of identifying, assessing, mitigating, and managing the risks of the project. It

Risks are an inherent part of every project. Some are general risks that are associated with every project and some are project specific. Risks tend to increase with the size of the project. Some risks are foreseeable and can be incorporated into the project planning process. However, regardless of the planning that goes into a project, some risks simply cannot be foreseen or avoided. Project risks are assigned different weights according to the consequences involved. Project risk management involves three distinct steps. They are identification of risks, analysis of the consequences, proposed responses and the final action plan. This research will explore use of the ATOM methodology to explore the risks involved in a large IT project.

For the IT Management area, I put a low level of risk assessment. For the information technology management, the company has a specific IT strategic plan, which is consistent with the Company’s strategic plan. In addition, based on the company’s organization cart, I found out the company have a clear reporting and response system. The responsibility for chief information officer clearly classified to four parts, application, operation, information security and database administration. Above all the key aspects we take a review about IT management, the company have a good internal controls for it. There is unlikely happen a risk in this area.

A process of identifying, analyzing and responding to risk factors throughout the life of a project is call Risk Management (Stanleigh, n.d.). Every Information Technology (IT) project should have someone gathering, minoring, and developing mitigation plans for the risks associated with the

Identify one or two risks your project is encountering and strategies that might mitigate them

Many businesses are concerned with information technology risks. Many organizations are concerned with different types of risk and attempt to control risk as they are assessed. In order to control risk, organizations must create control environments that set the tone of employee awareness and promote operational efficiency. One attempt to control risk is through risk assessment. The purpose of risk assessment is to identify organizational risks and evaluate additional or specific control procedures. The purpose of this paper is to analyze and assess the risks within the flow charts of accounts payable, accounts receivable,

Proactive risk management is crucial during this Phase because it represents the pinnacle of potential chaos in the project’s life cycle. Managing risks during this Phase begins with updating the status of risks while the infrastructure is being built, and ensuring that risk management plans are current. To identify new risks, the task lists from the Envisioning and Planning phases must be reviewed to discover areas of high risk in the build phase. If any item on these lists is unaccounted, it could present itself as a risk during this Phase. The following text must be reviewed to identify risks associated with the operating system and the DB layers.

Organisations nowadays face various external and internal risks such as strategic risks, operational risks, financial risk and environmental risks. Managers tend to focus on those risks with greater uncertainty like natural disasters. However, some risks also bring destructive outcome even they are predictable and controllable. The inherent risks in the management and control system are among those on the list. Because they are "built-in" risks of management and control system due to agency problem and asymmetric information, managers often ignore them or are unaware of their existences.