The impact of information technology on risk management

Abstract

In many organizations, information system and IT infrastructure have been considered as the most strategic capital and valid information is an important factor leads to business success. In this paper we investigate IT effects on project risk management which is vital in any industrial and business activities as a continuous and forecasting process. Risk management involves identifying the potential risks, measuring, monitoring and controlling them in an organization to meet its strategies and objectives and causes to decrease the undesired effects in project life cycles. It also has a main rule in strategic management of the organization by controlling the threads. In this paper we have estimated the effects of IT usage on 50 Iranian oil companies by analyzing the data which have been provided by questionnaires. Three different indices-cost, time, and performance-have been utilized to evaluate information technology impact on risk management. Our results illustrate the positive impact of information technology on risk management especially in optimizing time of process rather than cost and performance.

Impact of leadership's perspective on the effectiveness of operational risk management at the Vietnamese commercial banks

“…Firstly, IT (information technology system) has a strongest impact on the Vietnamese commercial bank9s ORM at a 1% significance level, which is consistent with references [7], [25] and [37]. When IT increase (decrease) by 1%, the ORM will increase (decrease) by 0.2586%.…”

“…According to Ref. [37], IT was one of the strategies leading to success in risk management effectiveness based on data. Therefore, the authors expect that the IT system plays a core role in ORM.…”

Combining Decision Making Trial and Evaluation Laboratory with Analytic Network Process to Perform an Investigation of Information Technology Auditing and Risk Control in an Enterprise Resource Planning Environment

“…The fruits of internal auditing in relation to the organization's enterprise risk management activities are reported to the Board of Directors and help to determine the key business and IT risks to be managed by IT management consultants (Chatzoglou and Diamantidis, 2009;Bernroider and Ivanov, 2011). Risk management involves defining, measuring and controlling potential risk related to the enterprise's IT (Teymouri and Ashoori, 2011). It plays an important role in protecting the enterprise's data (Tohidi, 2011).…”

Identificación de megatendencias para la integración de Tecnologías de Información en turismo

“…Se justifica la necesidad de identificar las tendencias para la integración y aplicación de TI dentro de la industria turística, por cuanto la integración de las mismas se concibe como un factor clave para desarrollar ventajas competitivas (Teymouri & Ashoori, 2011). Lo anterior se ratifica a través de la revisión de literatura, en la cual se evidencia que se han ejecutado diversas investigaciones que han tenido éxito en la búsqueda del uso y aplicación en herramientas tecnológicas en las áreas funcionales de los hoteles y agentes de turismo hasta la presente fecha.…”