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 22 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 59%
Reputational damage if the system does not work correctly Reputational Risk 54%
External components or systems need to be ready External Dependencies / 3rd Parties 50%
Issues experienced with the project Delivery Management 40%
Multiple stakeholders have a say over project decisions Stakeholder Management 40%
Project progress and benefits realisation are unclear Programme Management 40%
Project budget is large compared to typical IT spend Programme Management 36%
Major political, government or regulatory changes Industry & Business Landscape 36%
Staff turnover in project management responsibilities Delivery Management 31%
Global rollout planned across different countries Deployment and Post "go-live" 31%