Implementing Risk Mitigation, Monitoring, and Management in IT Projects

Abstract

Risk management lies at the intersection of project functions performed by the systems engineer and the project manager. Historically, risk management focused more on management elements such as schedule and cost, and less on technical risks for well-defined or smaller projects. However, larger and more complex projects and environments have increased the uncertainty for the technical aspects of many projects. To increase the likelihood of successful project and program outcomes, the systems engineer and project manager must be actively involved in all aspects of risk management