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 Risk Management for IT Projects

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PostSubject: Risk Management for IT Projects   Thu Oct 09, 2008 2:43 pm

Author: Bennet P. Lientz, Lee Larssen
Publisher: Butterworth-Heinemann (Elsevier)
Date: 2006
Pages: 352
The rate of failure of IT (information technology) projects has
changed little in survey after survey over the past 15-20 years --
approximately 40-50%. This has happened in spite of new technology,
innovative methods and tools, and different management methods. Why
does this happen? Why can't the situation be better?
Risk is a fuzzy term -- it can mean different things to
different people. Risk is often characterized as the product of
exposure or loss and the likelihood of the problems occurring. By
tracking issues, establishing an issues database, and taking other
similar steps detailed in this book, you can reduce the likelihood. By
being able to address common specifi c issues in a rapid and consistent
manner, you work to reduce both exposure and likelihood.

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