Many IT projects fail despite the best efforts to keep these projects within budget, schedule, and scope. Few studies have looked at the effect of project risk management tools and techniques on project success. The primary focus of this study was to examine the extent to which utilization of project risk management processes influence project success. A secondary focus of the study was to determine if utilization of project risk management processes correlates with project success more than project manager experience, certification, level of education, and project size, type, or duration. To meet the objectives of the study, a survey instrument was developed and piloted. The final instrument was administered to a group of IT project management practitioners to assess the utilization of specific project risk management tools and techniques on a recently completed project. The answers were combined with the participants' self-reported project success as measured by end-of-project budget, schedule, and scope success metrics. While the results of the study did not point to a specific project risk management tool or technique to predict an IT project's success, valuable insight was gained when stepping back and looking at overall factors that influence project success. When looking at these factors, the researcher found there was a statistical correlation that indicated the use of project risk management processes as a whole are a better predictor of IT project success than a project manager's experience, certification, level of education, and project size, type, or duration in the majority of success areas measured.
|Adviser||Werner D. Gottwald|
|Subjects||Business administration; Management; Information technology|
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