Risk Assessment Insights

Risk Assessment Insights

We are uniquely placed to see the common pitfalls affecting the IT and software development projects that our tool has performed risk assessments for.

A total of 4 risk assessments have been performed since Thursday, 23 January 2020.

The risk ratings given in the assessments were distributed as follows.

The following risks were found to be most prevalent across all assessments.

Risk Factor Category Prevalence
Changes to business operations or structure Business Readiness 75%
Reputational damage if the system does not work correctly Reputational Risk 50%
The project has been previously attempted but unsuccessfully Delivery Management 50%
Project budget may be insufficient for the planned work Programme Management 50%
Staff turnover in project management responsibilities Delivery Management 25%
External components or systems need to be ready External Dependencies / 3rd Parties 25%
Issues experienced with the project Delivery Management 25%
Project budget is large compared to typical IT spend Programme Management 25%
Multiple stakeholders have a say over project decisions Stakeholder Management 25%
Global rollout planned across different countries Deployment and Post "go-live" 25%