STUDY OF RISK

ANALYTICS AND
MANAGEMENT IN IT
PROJECTS

- Shubham Vilas Kodape

 INTRODUCTION
Risk analysis involves examining how project
outcomes and objectives might change due to the
impact of the risk event.

Once the risks are identified, they are analysed to

identify the qualitative and quantitative impact of
the risk on the project so that appropriate steps
can be taken to mitigate them.
An effective risk management process is an important
component of a successful IT security program.

The principal goal of an organization's risk

management process should be to protect the
organization and its ability to perform their mission, not
just its IT assets.

Therefore, the risk management process should not be

treated primarily as a technical function carried out by
the IT experts who operate and manage the IT system,
but as an essential management function of the
organization.
 OBJECTIVES OF STUDY
The aim of the risk assessment process is to evaluate
hazards, then remove that hazard or minimize the level of
its risk by adding control measures, as necessary. By
doing so, you have created a safer and healthier
workplace.

the goal of risk management is to identify potential

problems before they occur and have a plan for addressing
them. Risk management looks at internal and external risks
that could negatively impact an organization.
The objectives of project risk management are to
increase the probability and impact of positive events
and decrease the probability and impact of negative
events.
to know and understand what can possibly go wrong,
the reason behind it, what the impact will be, and how to
fix it.
the firm should prepare for potential losses in the most
economical way possible. This involves as analysis of
safety program, insurance premiums and the costs
associated with the different techniques of handling
losses and the reduction of anxiety of individual.
 SCOPE OF RISK MANAGEMENT IN IT PROJECTS
It includes the definition of basic assumptions for the organization's
external and internal environment and the overall objectives of the
Risk Management process and activities.

IT risk management is the application of risk management methods to

manage IT threats. IT risk management involves procedures, policies,
and tools to identify and assess potential threats and vulnerabilities
in IT infrastructure.
An effective risk management process is an important component of
a successful IT security program. The principal goal of an
organization's risk management process should be to protect the
organization and its ability to perform their mission.
 RESEARCH METHODOLOGY
Risk analysis involves examining how project
outcomes and objectives might change due
to the impact of the risk event. Once the risks
are identified, they are analysed to identify
the qualitative and quantitative impact of the
risk on the project so that appropriate steps
can be taken to mitigate them.
 Research Design:
A research design is a condition for collecting and
analysing data in ways that can lead to a process economy.
This means advanced planning in order to collect the
relevant data and techniques for analysing, taking into
account the objective of time available for the research.
Descriptive research design was used in this study. It
contains surveys and investigations of various types. The
key feature of this method is that the researcher has no
control over the variables; only what has happened or what
is happening can be reported.
Sampling Techniques:
The simple random sampling technique was employed in
the selection of the sample.
Sample Size: 100 Employees
TOOLS FOR DATA COLLECTION : The primary data was
gathered through personal interaction. The information was
gathered from the structured questionnaire.
Sources of Data : 1.Primary Data
2.Secondary Data
Primary Data :
The information was collected from the blue by means of
perception and strategy. The data are collected by looking
at the functioning of various divisions and interviewing the
directors of a significant number of offices. It is also
received with the help of employees.

Secondary Data:
Secondary data has been collected from the Company
Website, Internet etc.
Statistical Tools:
The data are analyzed through statistical methods.
Simple percentage analysis is used for analyzing
are used for analyzing the data collected.
Simple Percentage Analysis:
Percentage analysis is the method to represent
raw streams of data as a percentage (a part in100 ‐
percent) for better understanding of collected
data.
Limitation of the Study :

1.Respondent were reluctant to share their experience

accurately.

2.Unwillingness of respected personnel of Jalopeura

Technology. to provide relevant data for my study.

3.Time allotted for the project was not sufficient to go

for detailed analysis of the research problem.
FINDINGS :
61% of the respondents are male and 39% of the respondents are
females.
22% of the respondents are of the age group of 18-25 years, 37%
of the respondents are of the age group of 26-35 years, 21% of the
respondents are of the age group of 36-45 years and 20% of the
respondents are of the age group of 46 years and above.
29% of the respondents have an education qualification of upto
SSC, 21% of the respondents are HSC qualified, 37% of the
respondents are graduates and 13% of the respondents are post
graduates.
65% of the respondents are married and 35% of the
respondents are unmarried.

27% of the respondents have been working in IT

sector for 1-3 years 27% of the respondents for 3-5
years 25% of the respondents for less than 1 year and
21% of the respondents for more than 5 years.
 SUGGESIONS :

Involve all project management knowledge areas in the project.

Gain more understanding on the subject because confusion at later stages of
projects can prove very costly. Try not to assume anything and be eager to
learn and ask to get clarification.

Be open to new skills as technology changes often. Have time to learn new
tools and new methods and, new ways of operating.

project management software is a very useful tool to use.

Be proactive, think out of the box and be positive (negative minds lead to
negative solutions).
CONCLUSION :
Establish and maintain management commitment to performing risk
management on all capital projects.
Start the risk management process early in the project life cycle-prior
to approval of mission need.

Evaluate project risks and risk responses periodically during the

project life cycle.

Develop risk mitigation plans and update them as the project

progresses.

Follow through with mitigation actions until risks are acceptable.

Thank You