REGISTRATION CERTIFICATE

KV #19905-9705 PR dated 02.04.2013.

 FOUNDERS

RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE)

According to the decision No. 802 of the National Council of Television and Radio Broadcasting of Ukraine dated 14.03.2024, is registered as a subject in the field of print media.
ID R30-03156

 PUBLISHER

Liburkina L. M.

 SITE SECTIONS

Main page

Editorial staff

Editorial policy

Annotated catalogue (2011)

Annotated catalogue (2012)

Annotated catalogue (2013)

Annotated catalogue (2014)

Annotated catalogue (2015)

Annotated catalogue (2016)

Annotated catalogue (2017)

Annotated catalogue (2018)

Annotated catalogue (2019)

Annotated catalogue (2020)

Annotated catalogue (2021)

Annotated catalogue (2022)

Annotated catalogue (2023)

Annotated catalogue (2024)

Thematic sections of the journal

Proceedings of scientific conferences

Formalization of Risks of IT Companies: The Managerial Aspect
Prokhorova V. V., Slastianykova K. I.

Prokhorova, Viktoriia V., and Slastianykova, Krystyna I. (2023) “Formalization of Risks of IT Companies: The Managerial Aspect.” Business Inform 10:382–388.
https://doi.org/10.32983/2222-4459-2023-10-382-388

Section: Management and Marketing

UDC 330.65

Abstract:
Risk management is an important process for the success of an IT project. Risk management provides significant benefits for companies, projects, and stakeholders associated with project implementation. This cannot be achieved without introducing risk management at every level of the business. Risk management becomes a management instrument that is essential for the project manager to increase the chances of success and solve problems before risk becomes a major problem that can threaten project goals. IT projects are characterized by a high level of risk and can have different approaches to risk management. IT projects (in the terms of software) have risks and uncertainties. Risks can be mitigated, managed, and maintained in accordance with planning and assessment. Common risks can be: user requirements, project complexity, planning and control, team, organizational environment, technology, and financial risk. The presence of risk management and risk manager influences the success of the project, risk management (especially risk analysis and monitoring and control of risk response) that is related to the subjective effectiveness of IT projects. There is a link between risk management and the success and subjective effectiveness of IT projects. A project is considered successful if its result is appropriate or better than determined during planning. Risk management can lead a project to success and achieve its subjective effectiveness only if the risks and ways to control them in the project were identified before it started. Conversely, proper risk management does not affect costs, schedules, and cost overruns, as these are three interrelated and defined positions in project planning.

Keywords: project risks, IT industry, IT company, formalization, management, managerial aspect, information technology.

Fig.: 4. Bibl.: 14.

Prokhorova Viktoriia V. – Doctor of Sciences (Economics), Professor, Head of the Department, Department of Economics and Management, Ukrainian Engineering and Pedagogical Academy (16 Unіversytetska Str., Kharkіv, 61003, Ukraine)
Email: [email protected]
Slastianykova Krystyna I. – Assistant, Department of Economics and Management, Ukrainian Engineering and Pedagogical Academy (16 Unіversytetska Str., Kharkіv, 61003, Ukraine)

List of references in article

Capers, Z. “10 Predictions for the Future of IT and the Management Strategies That Will Follow“. https://www.getapp.com/resources/future-of-it/
Golden, B. “5 Tech Trends for 2022: Digital Transformation, Cloud and Talent Wars“. https://www.eweek.com/cloud/technology-trends-2022/
Irfandhi, K. “Risk Management in Information Technology Project: An Empirical Study“. ComTech Computer Mathematics and Engineering Applications, vol. 7, no. 3 (2016): 191-199. DOI: https://doi.org/10.21512/comtech.v7i3.2498
Labuschagne, L. “Project Risk Management for IT Projects“. https://www.researchgate.net/publication/267686308_-1-_Project_Risk_Management_for_IT_Projects
Prokhorova, V. V., Diachenko, K. S., and Babichev, A. V. “The IT Industry as a Driver of the Strategic Development of Ukraine's Economy in the Context of Digital Transformation“. Problemy ekonomiky, no. 1 (2023): 65-73. DOI: https://doi.org/10.32983/2222-0712-2023-1-65-73
Prokhorova, V. et al. “Safety of Industrial Enterprises Development: Evaluation of Innovative and Investment Component“. Naukovyi visnyk Natsionalnoho hirnychoho universytetu, no. 5 (2019): 155-161. DOI: https://doi.org/10.29202/nvngu/2019-5/24
Prokhorova, V. et al. “Digitalization process for enterprise growth and security management: the cognitive approach“. International Journal of Advanced Science and Technology. 2020. https://www.ijrte.org/wp-content/uploads/papers/v8i3c/C10401183C19.pdf
Prokhorova, V. et al. “Innovative intellectual capital in the system of factors of technical and technological development“. Naukovyi visnyk Natsionalnoho hirnychoho universytetu, no. 6 (2022): 181-186. DOI: https://doi.org/10.33271/nvngu/2022-6/181
Silberglitt, R. et al. The Global Technology Revolution 2020: Executive Summary: Bio/Nano/Materials/Information Trends, Drivers, Barriers, and Social Implications. RAND Corporation, 2006.
Arefieva, O. V., and Poberezhna, Z. M. “Kholistychne upravlinnia adaptyvnistiu pidpryiemstva v umovakh tsyklichnoi ekonomiky“ [Holistic Adaptivity Management of the Enterprise in the Cyclic Economy]. Ekonomichnyi visnyk NTUU «Kyivskyi politekhnichnyi instytut», no. 18 (2021): 64-70. DOI: https://doi.org/10.20535/2307-5651.18.2021.247229
Diachenko, K. S. “Rol ta znachennia IT-sektoru dlia ekonomiky Ukrainy v umovakh viiny“ [The Role and Importance of the IT Sector for the Economy of Ukraine in Wartime Conditions]. Aktualni problemy suchasnoho biznesu: oblikovo-finansovyi ta upravlinskyi aspekty, part 2. Lviv: LNUP, 2022. 73-75.
Kyrylenko, A., and Tyshchuk, T. “Vid tradytsiinoi do tsyfrovoi: yak «botany i nerdy» pobuduvaly naidynamichnishu haluz ukrainskoi ekonomiky“ [From Traditional to Digital: How "Poindexters and Nerds" Built the Most Dynamic Branch of the Ukrainian Economy]. https://voxukraine.org/longreads/plugged-in-economy/index.html
Podolchak, N. Yu., Bilyk, O. I., and Levytska, Ya. V. “Suchasnyi stan tsyfrovizatsii v Ukraini“ [The Current State of Digitization in Ukraine]. Efektyvna ekonomika, no. 10 (2019). DOI: https://doi.org/110.32702/2307-2105-2019.10.4
Prokhorova, V. V., and Chobitok, V. I. “Orhanizatsiino-upravlinske zabezpechennia reinzhynirynhu biznes-protsesiv na pidpryiemstvi v umovakh tsyfrovizatsii“ [The Organizational and Managerial Provision of Business Processes Reengineering at Enterprise in the Conditions of Digitalization]. Biznes Inform, no. 1 (2021): 279-285. DOI: https://doi.org/10.32983/2222-4459-2021-1-279-285

 FOR AUTHORS

License Contract

Conditions of Publication

Article Requirements

Regulations on Peer-Reviewing

Publication Contract

Current Issue

Frequently asked questions

 INFORMATION

The Plan of Scientific Conferences

 OUR PARTNERS

Journal «The Problems of Economy»