Risk Management for IT Project in micro companies : Case study for Sibesonke
Luanda, Adam (2014)
Luanda, Adam
HAAGA-HELIA ammattikorkeakoulu
2014
All rights reserved
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-201402242607
https://urn.fi/URN:NBN:fi:amk-201402242607
Tiivistelmä
Risk management has become more and more important, as many IT projects around the world fail to achieve their goal due to the lack of risk management knowledge. The aim of this thesis is to bring solution and guidance for micro companies regarding risk management in IT projects. The objective of this thesis is provide formalized risk management methods for organization to ensure the project’s success and understand the risks more related to the case company Sibesonke. With the help of well-defined risk management strategies it is possible to ensure that all resources – money, time, and people – in the company are made the best use of. That is the reason, why attention to risk management processes should be paid and formalized steps should be formed.
The theoretical fragment of the thesis is divided into three parts; 1) a brief introduction of the project management in general, 2) common project risk and 3) risk management process. The practical fragment of the thesis compasses first an introduction of the case study company Sibesonke. Sibesonke is a start-up company which is providing social and business networking in emerging country like Tanzania. The qualitative method which based on an interview was conducted to bring different knowledge and understanding on risk management in practice.
As it was founded in the SWOT analysis, the start-up company Sibesonke is aware of the risks, but the risk management processes not yet unmistakeably formalized. Identifying risks is one of the most important aspects of a project. After that step is taken, the next phases are quantifying the risk, risk response and at last the phase of monitoring and controlling. In view of the importance to combine the theoretical knowledge and the practical understanding, this thesis brings those parts together. That is presented by explaining risk management as four steps process and also revising the process through two example risks: user involvement and risk register documentation. For a start-up company like Sibesonke, it is advised to follow the formalized risk management procedure to reach the scope of the IT project. In the future, the suitable process for micro company could be refined even further.
The theoretical fragment of the thesis is divided into three parts; 1) a brief introduction of the project management in general, 2) common project risk and 3) risk management process. The practical fragment of the thesis compasses first an introduction of the case study company Sibesonke. Sibesonke is a start-up company which is providing social and business networking in emerging country like Tanzania. The qualitative method which based on an interview was conducted to bring different knowledge and understanding on risk management in practice.
As it was founded in the SWOT analysis, the start-up company Sibesonke is aware of the risks, but the risk management processes not yet unmistakeably formalized. Identifying risks is one of the most important aspects of a project. After that step is taken, the next phases are quantifying the risk, risk response and at last the phase of monitoring and controlling. In view of the importance to combine the theoretical knowledge and the practical understanding, this thesis brings those parts together. That is presented by explaining risk management as four steps process and also revising the process through two example risks: user involvement and risk register documentation. For a start-up company like Sibesonke, it is advised to follow the formalized risk management procedure to reach the scope of the IT project. In the future, the suitable process for micro company could be refined even further.