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Businesses are becoming less tolerant of project failure, and there is now a greater expectation that projects will delivered successfully in shorter time scales.  Risks on Information Technology projects pervade the whole of business and can dramatically effect the users' environment.   The project manager must not only embrace on-going business change but will need to exploit new technology fully if the maximum return on investment is to be achieved.

An effective process for the examination and analysis of risks is an essential component of any I.T. project methodology.  There should be sufficient rigour within the process to provide a convincing picture that will stand scrutiny at the most senior level in an organisation.  Ritsk is a new risk assessment tool which has been designed to assist in the management of risk.

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Whilst the major strength of the Ritsk tool is the ability to qualify and quantify potential I.T. risks for the project team, it also provides a powerful tool for auditing I.T. systems.  A further practical benefit from utilising the Ritsk software is its educational capability.

The Ritsk application has been successfully used in workshops on live I.T. projects over an extended period.  It has provided an early warning of potential risks to both I.T. project teams and I.T. project boards, and has proven to be a valuable tool in preparing risk containment plans.

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