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 31 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
Reputational damage if the system does not work correctly Reputational Risk 58%
External components or systems need to be ready External Dependencies / 3rd Parties 54%
Changes to business operations or structure Business Readiness 54%
Issues experienced with the project Delivery Management 51%
Multiple stakeholders have a say over project decisions Stakeholder Management 45%
Project progress and benefits realisation are unclear Programme Management 45%
Project budget is large compared to typical IT spend Programme Management 41%
Project budget may be insufficient for the planned work Programme Management 38%
The project has been previously attempted but unsuccessfully Delivery Management 35%
Staff turnover in project management responsibilities Delivery Management 32%