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Chapter 21. Project risk management > Common sources of risk on IT projects

Common sources of risk on IT projects

Several studies have shown that information technology projects share some common sources of risk. For example, the Standish Group did a follow-up study to the 1995 CHAOS research, which they called Unfinished Voyages. This study brought together sixty information technology professionals to elaborate on how to evaluate a project’s overall likelihood of success The following table lists the Standish Group’s success potential scoring sheet and shows project success criteria factors.

Success criterion Weights
User involvement 19
Executive management support 16
Clear statement of requirements 15
Proper planning 11
Realistic expectations 10
Smaller project milestones 9
Competent staff 8
Ownership 6
Clear visions and objectives 3
Hard-working, focused staff 3
Total 100



  

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