Organizational structural strategies in risk management implementation: best practices and benefits

Authors:
Noor Habibah Arshad;Azlinah Mohamed;Ruzaidah Mansor
Affiliations:
Faculty of Information Technology and Quantitative Science, Universiti Teknologi MARA, Shah Alam, Selangor, Malaysia;Faculty of Information Technology and Quantitative Science, Universiti Teknologi MARA, Shah Alam, Selangor, Malaysia;Faculty of Information Technology and Quantitative Science, Universiti Teknologi MARA, Shah Alam, Selangor, Malaysia
Venue:
WSEAS Transactions on Information Science and Applications
Year:
2009

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Abstract

When organizations embark on the implementation of IS projects, organizations need to be aware of the potential risks associated with the IS project and they should practice the risk management in mitigating the risk. Risk management needs to address all factors such as organizational, human, process and operational that can affect project success. Hence, risk management is essential for the successful delivery of Information System (IS) projects. Through risk management best practices, it provides guidance to strategies and adopt more consistent and systematical risk management approach and risk methodology for mitigating risk. Therefore, the aim of this study is to explore the risk management best practices and the benefits of best practices in Information System (IS) projects in Malaysian Information Technology (IT) industry particularly on organization structural strategies. The primary data for this research was collected by means of an interview, observations, and document reviews conducted at eleven private and public organizations in Malaysia. The findings from this research showed that with the organizational structural strategies, it aligns the organization strategies, technology and knowledge. Furthermore, the establishment of risk management practices is a strategic mechanism in managing and controlling IS project risk.