Title Factors of successful it project risk management in the organization and their influence on it project success /
Translation of Title Sėkmingo IT projekto rizikos valdymo organizacijoje veiksniai ir jų įtaka IT projekto sėkmei.
Authors Šeduikis, Lukas
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Pages 71
Keywords [eng] Project management, risk management, project success, Critical success factors, successful risk management, project risks, IT project management
Abstract [eng] Supervisor – Vytautas Pugačevskis, Associate Professor of Partnerships Master’s thesis was prepared in Vilnius, in 2023 Scope of Master’s thesis – 70 pages. Number of tables used in the FMT – 5 pcs. Number of figures used in the FMT – 8 pcs. Number of bibliography and references – 21 pcs. The FMT described in brief: IT project management success is understood very differently among project managers. As technology evolves and the culture of project management evolves, new elements emerge that characterize the success of such projects. There is a debate about how project success can be measured and how project risk management affects it, as well as how project success and risk management are affected by factors such as organizational support. This paper analyzed the concept of project success, success criteria, risk management standards and risk management in IT projects mentioned in the literature and its influence on project success. Based on the literature review, a research model was developed that included an analysis of the interactions between project success, organizational support, and flexible risk management practices. Interviews of employees of Company X were conducted, data analyzed, conclusions and recommendations were presented. Aim and objective of the FMT: Based on the literature and research, determine the concept and criteria of Company’s X project success, analyze risk management and determine what are the main risk factors that influence the success of the project, how organizational support affects the success of the project and how it affects risk management. Research methods used in the FMT: A qualitative research method was applied, a research questionnaire was prepared, and employees of Company X were interviewed. Research and results obtained: Summarized research results defined project success criteria applied in Company X, forms of organizational support for project management, risk management system and its success factors. The interaction and influence of all these elements on the success of the project has been determined. Conclusions of the FMT: The study showed that the success of the project is highly dependent on both risk management and organizational support. Also, these two elements interact with each other, reinforcing each other's performance and influencing the success of the project. However, Company X does not have a unified understanding how it considers project success, how it could be measured, and there is no standardized risk management process, so recommendations for improvement were made.
Dissertation Institution Vilniaus universitetas.
Type Master thesis
Language English
Publication date 2024