Characteristics of Effective IT Project Risk Management in Romanian IT Companies

Didraga, Otniel; Brandas, Claudiu; Lorena, Batagan; Alecu, Felician

doi:10.24818/18423264/53.4.19.11

Cited by 2 publications

(1 citation statement)

References 18 publications

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“…These statistics indicate that managers and investors recognize the presence of significant risks in the implementation of IS. Typically, implementation projects (as well as subsequent system support) are outsourced to external consultants, but this business model raises issues related to conflicts of interest [21] and blurring responsibility for results, which aggravates the potential overall negative effect of project risks [22].…”

Section: Internal Risks Of Information Systemsmentioning

confidence: 99%

Risk-based efficiency assessment of information systems

Исаев¹,

Pervukhin²,

Rytikov³

et al. 2021

Bus. Inform.

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The implementation of information systems is aimed at improving the financial performance of a company, creating a transparent reporting system and improving many other competitive factors. However, the acquisition of these benefits does not negate the complexity of making a decision whether or not to implement a particular IT project. The total cost of ownership of the information system throughout the life cycle is usually not considered in comparison with the expected benefits from the use of the system, due to the uncertainty of such benefits. Comparative certainty of approaches and methods is present only in terms of costs, both for a priori (planned) and a posteriori (actual) assessment. It is possible to determine both capital and operating costs accurately enough. Indirect definition of the positive influence of an information system on the activity of the organization also seems possible. However, there are currently no generally recognized methods for analyzing the expected positive effect of an IT project. At the same time, large companies, in accordance with the requirements of the respective regulators and / or due to internal management considerations, build a risk management system to determine the level of capabilities, losses and to prevent adverse events. This study considers the feasibility of an approach to analyze the effectiveness of the implementation of the information system on the basis of the company’s risk reduction, leading to a decrease in economic benefits. It takes into account the internal risks of the information system that occur during the installation of the system, its operation and the termination of work with the system.

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Section: Internal Risks Of Information Systemsmentioning

confidence: 99%

Risk-based efficiency assessment of information systems

Исаев¹,

Pervukhin²,

Rytikov³

et al. 2021

Bus. Inform.

View full text Add to dashboard Cite

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Entrepreneurship in the Digital and Industry 4.0 Age: A semi-systematic literature review

Biclesanu

Dima

2021

Proceedings of the International Conference on Business Excellence

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Industry 4.0 and digitalization are changing the business world. While companies are optimizing their processes and adapting to the new market conditions, some entrepreneurs are pushing the boundaries by creating new organizations that are capitalizing on the digital environment or even building the technologies behind it, achieving fast, impressive results. The paper is concerned with characterizing the Romanian entrepreneurship within the digitalization and Industry 4.0 context, through the means of a semi-systematic literature review of articles and conference proceedings published within last five years, indexed in the Thomson Reuters Web of Science (WoS) Core Collection database. Manual filtering, categorization and synthesis of the relevant articles were used along with co-occurrence networks built in VOSviewer. The main directions were discovered to be in six areas on the use of technology in business and two areas which were also particularly related to entrepreneurship education.

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Characteristics of Effective IT Project Risk Management in Romanian IT Companies

Cited by 2 publications

References 18 publications

Risk-based efficiency assessment of information systems

Risk-based efficiency assessment of information systems

Entrepreneurship in the Digital and Industry 4.0 Age: A semi-systematic literature review

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