Managerial perspectives on risk and risk taking
Management Science
Strategic information technology investments: guidelines for decision making
Journal of Management Information Systems
Evaluation of strategic investments in information technology
Communications of the ACM
Systems development risks in strategic information systems
Information and Software Technology - Information and software economics
Software risk management
Contracting for software development
Management Science
Strategic management of information technology investments: an options perspective
Strategic information technology management
Risk Management for Software Projects
IEEE Software
Valuing risky projects: option pricing theory and decision analysis
Management Science
A framework for identifying software project risks
Communications of the ACM
Issues and opinion on structural equation modeling
MIS Quarterly
Components of Software Development Risk: How to Address Them? A Project Manager Survey
IEEE Transactions on Software Engineering
Proceedings of the Conference on The Future of Software Engineering
How Experienced Project Managers Assess Risk
IEEE Software
Managing risks in IT projects: an options perspective
Information and Management
Information Systems Research
The Real Options Approach to Standardization
HICSS '01 Proceedings of the 34th Annual Hawaii International Conference on System Sciences ( HICSS-34)-Volume 5 - Volume 5
Real Options for Risk Management in Information Technology Projects
HICSS '99 Proceedings of the Thirty-second Annual Hawaii International Conference on System Sciences-Volume 7 - Volume 7
Toward an assessment of software development risk
Journal of Management Information Systems - Special section: Strategic and competitive information systems
Software development outsourcing contract: structure and business value
Journal of Management Information Systems - Special section: Realizing value from information technology investment
Identifying Software Project Risks: An International Delphi Study
Journal of Management Information Systems
An Integrative Contingency Model of Software Project Risk Management
Journal of Management Information Systems
Managing Information Technology Investment Risk: A Real Options Perspective
Journal of Management Information Systems
Information Technology and Management
Electronic Commerce Research and Applications
Journal of Management Information Systems
Risk Management of Contract Portfolios in IT Services: The Profit-at-Risk Approach
Journal of Management Information Systems
Journal of Management Information Systems
IT project portfolio optimization: a risk management approach to software development governance
IBM Journal of Research and Development
A systematic design for coping with model risk
Expert Systems with Applications: An International Journal
Competing or coordinating: IT R&D investment decision making subject to information time lag
Information Technology and Management
An Interdisciplinary Perspective on IT Services Management and Service Science
Journal of Management Information Systems
Understanding IT project risks as disturbances to digital ecosystems
Proceedings of the International Conference on Management of Emergent Digital EcoSystems
Resolving uncertainty and creating value from the exercise of e-commerce investment options
Information Systems Journal
Risk identification in Green IT practice
Computer Standards & Interfaces
International Journal of Business Data Communications and Networking
The effect of synergy enhancement on information technology portfolio selection
Information Technology and Management
An integrative framework for intelligent software project risk planning
Decision Support Systems
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Recently, an option-based risk management (OBRiM) framework has been proposed to control risk and maximize value in information technology investment decisions. While the framework is prescriptive in nature, its core logic rests on a set of normative risk-option mappings for choosing which particular real options to embed in an investment in order to control specific risks. This study tests empirically whether these mappings are observed in practice. The research site is a large Irish financial services organization with well established IT risk management practices not tied to any real options framework. Our analysis of the risk management plans developed for a broad portfolio of 50 IT investments finds ample empirical support for OBRiM's risk-option mappings. This shows that IT managers follow the logic of option-based risk management, although purely based on intuition. Unfortunately, reliance on this logic based on intuition alone could lead to suboptimal or counterproductive risk management practices. We therefore argue that managerial intuition ought to be supplemented with the use of formal real option models, which allow for better quantitative insights into which risk mitigations to pursue and combine in order to effectively address the risks most worth controlling.