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Regular version of the site

Book chapter

A Brief IT-Project Risk Assessment Procedure for Business Data Warehouse Development

P. 230-240.

properly built risk assessment process could help to significantly
reduce the overall level of a project uncertainty, which in turn will have a positive
impact on the project outcome. Based on recommendation given in BABOK®
Guide, a combined procedure for analysis of risks is built up, which allows performing
risk assessment within the framework of the overall risk management
process. The main groups of risks classified by their main origin are identified
related to a reference IT-project applied in financial sphere. This makes the proposed
procedure to be aimed at detailed risk analysiswhere not only the qualitative
but also the quantitative measure of the risks, i.e., their probability and gravity of
their consequences can be implemented. The process of risk assessment is chosen
for the project consisting in creating and deploying a modern corporate data
warehouse in a big Russian private bank. The procedure is extended by decision
tree, concisely illustrating risk decomposition, which open the way to highly predictable
further risk management process. The short feedback replies given by
main stakeholders at the end of first stage are also presented.