Academy of Strategic Management Journal (Print ISSN: 1544-1458; Online ISSN: 1939-6104)

Abstract

Strategic Risks Management in Implementation of IT Projects

Author(s): Yuliia P. Makarenko, Svitlana I. Tereshchenko, Natalya G. Metelenko, Inna H. Mykolenko, Alina S. Oliinyk

The following aspects of the application of mathematical methods and models in the risk management of IT projects, such as the need to take account of time and money reserves in the event of adverse events, the possibility of periodic risk control and prompt response to them through the constant communication between the project stakeholders, ensuring timely execution of IT, as well as taking into account the characteristic features of different software development methodologies are analyzed and determined. According to the results of the analysis of methodological approaches to software development, it has been established that the combination of the principles of the CCPM and Scrum methodologies makes it possible to form reserves in an explicit form and to establish effective communication between the interested parties of the IT project. In addition, the application of knowledge-based methods and models increases the effectiveness of the information provision of the decision-making process on risk management of the IT project.