What is IT Project Risk Factor?
Here is some of the IT project risk factor that could be happen in your IT project.
Project size – a big project is a risk factor – variously measured in terms of how ‘big’ the delivered solution is to be (say, measured in terms of functionality) or how many resources are being allocated to complete the planned tasks;
Organization impact – a big organization impact is a risk factor – typically from a user base and business process perspective; for example, a whole-oforganization user base application that reshapes multiple core business process is described with a higher risk factor than say a local user base application that addresses only a single, non-core business process;
Project complexity measured from the perspective of its dependencies with other projects – more dependencies is a risk factor; number and types of technologies being used – more technologies is a risk factor; amount of customization being undertaken – more customization is a risk factor;
Team skills and capability, a poor capability is a risk factor, encompassing experience and track record;
Types of technologies being used – using new and untried technologies on projects can result in difficulty in estimating project effort and a ‘trial and error’ approach to design.