The Importance Of A Safe Environment For E Business

1024 Words5 Pages
One of the necessary functions in information technology (IT) projects is risk management. The main aims behind that are to provide a safe environment for E-business because most of the IT projects are outline high degrees of risk. The speedy conversion in information technologies changes in business growth to create surprising fluctuate in cost benefit relationship and feasibility of doing different things in appropriate ways. The bases of IT organizations usually concerned with standards have advertised different methods of risk management. These advertised methods have fully adopted by organizations while dealing with IT projects for identifying, analyzing, and minimizing the risks in their projects /IT work. The risks oppose by IT projects are not core financial risks. IT project managers have to move towards project issues more quickly for resolving, before they become serious problems for the project as well as threaten for goals of the project. Most IT specialists understand that there are some extra risks other than financial risk in origination projects. IT project risk consists of technology, security, people, business process, information, management, financial, external, and even the risk of success.

There are four strategies for risk acknowledge to IT project is as follows:
a) Avoidance – not undertaking the activity that gives rise to risk.
b) Reduction – reduce the probability of occurring risk event and the impact of that event on projects. It is the most
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