Risk Management for Information Systems Development

This paper considers the application of project risk management techniques, methods and approaches to information systems development. The paper reviews current thinking on risk as it relates to information systems, and the approaches to risk that have been adopted in IS projects. The paper considers, in the context of IS, the processes of risk identification, structuring, assessment, and aggregation, and the use of such risk analysis to inform the process of risk management. The paper analyses available risk management techniques, and then proceeds to develop a comprehensive decision support system to aid risk analysis.