Applying Monte Carlo Simulation to Measuring Risk Factors in Information Technology Projects
Planning and decision making are the basic duties of a project manager which without them it is almost impossible to reach the project goals. In planning and decision making process, firstly, risk factors should be identified and after that their impacts and probabilities should be measured. Therefo...
| Main Authors: | , , |
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| Format: | Article |
| Language: | fas |
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Allameh Tabataba'i University Press
2015-05-01
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| Series: | مطالعات مدیریت کسب و کار هوشمند |
| Subjects: | |
| Online Access: | https://ims.atu.ac.ir/article_1680_a91a2791b4052c5b62aaaaf0516ece6b.pdf |
| _version_ | 1797386082704162816 |
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| author | Hamid Shahbandarzad Khodakaram Salimifard Reza Moghdani |
| author_facet | Hamid Shahbandarzad Khodakaram Salimifard Reza Moghdani |
| author_sort | Hamid Shahbandarzad |
| collection | DOAJ |
| description | Planning and decision making are the basic duties of a project manager which without them it is almost impossible to reach the project goals. In planning and decision making process, firstly, risk factors should be identified and after that their impacts and probabilities should be measured. Therefore, risk management is a critical part of the project management and, ignorance of risk factors is one of the primary causes for the project to be failed. The purpose of this paper is to measure risk factors of IT projects .In this research, 13 main factors are identified, then, based on literature and experts opinion these factors are categorized in 3 groups (project factors, software factors, and internal and external organizational factors). Finally, using Monte Carlo simulation, risk associated with each factor is quantified. As the results of this research show “recourse” is the main factor for IT project. To be effective, managers need to consider suitable strategies in order to decrease the dangers related to the possible risks in the resources. |
| first_indexed | 2024-03-08T22:03:50Z |
| format | Article |
| id | doaj.art-05ff4171415d484b9e6e9a632c3a3403 |
| institution | Directory Open Access Journal |
| issn | 2821-0964 2821-0816 |
| language | fas |
| last_indexed | 2024-03-08T22:03:50Z |
| publishDate | 2015-05-01 |
| publisher | Allameh Tabataba'i University Press |
| record_format | Article |
| series | مطالعات مدیریت کسب و کار هوشمند |
| spelling | doaj.art-05ff4171415d484b9e6e9a632c3a34032023-12-19T10:32:14ZfasAllameh Tabataba'i University Pressمطالعات مدیریت کسب و کار هوشمند2821-09642821-08162015-05-0131177951680Applying Monte Carlo Simulation to Measuring Risk Factors in Information Technology ProjectsHamid Shahbandarzad0Khodakaram Salimifard1Reza Moghdani2Assistant Prof of Industrial management, Faculty of Humanities of Persian Gulf University, Boushehr, IranAssistant Prof of Industrial management, Faculty of Humanities of Persian Gulf University, Boushehr, IranPh.D. Student in Industrial management, Faculty of Humanities of Persian Gulf University, Boushehr, IranPlanning and decision making are the basic duties of a project manager which without them it is almost impossible to reach the project goals. In planning and decision making process, firstly, risk factors should be identified and after that their impacts and probabilities should be measured. Therefore, risk management is a critical part of the project management and, ignorance of risk factors is one of the primary causes for the project to be failed. The purpose of this paper is to measure risk factors of IT projects .In this research, 13 main factors are identified, then, based on literature and experts opinion these factors are categorized in 3 groups (project factors, software factors, and internal and external organizational factors). Finally, using Monte Carlo simulation, risk associated with each factor is quantified. As the results of this research show “recourse” is the main factor for IT project. To be effective, managers need to consider suitable strategies in order to decrease the dangers related to the possible risks in the resources.https://ims.atu.ac.ir/article_1680_a91a2791b4052c5b62aaaaf0516ece6b.pdfinformation technology projectrisk factors assessmentrisk identificationassessmentmonte carlo simulation |
| spellingShingle | Hamid Shahbandarzad Khodakaram Salimifard Reza Moghdani Applying Monte Carlo Simulation to Measuring Risk Factors in Information Technology Projects مطالعات مدیریت کسب و کار هوشمند information technology project risk factors assessment risk identification assessment monte carlo simulation |
| title | Applying Monte Carlo Simulation to Measuring Risk Factors in Information Technology Projects |
| title_full | Applying Monte Carlo Simulation to Measuring Risk Factors in Information Technology Projects |
| title_fullStr | Applying Monte Carlo Simulation to Measuring Risk Factors in Information Technology Projects |
| title_full_unstemmed | Applying Monte Carlo Simulation to Measuring Risk Factors in Information Technology Projects |
| title_short | Applying Monte Carlo Simulation to Measuring Risk Factors in Information Technology Projects |
| title_sort | applying monte carlo simulation to measuring risk factors in information technology projects |
| topic | information technology project risk factors assessment risk identification assessment monte carlo simulation |
| url | https://ims.atu.ac.ir/article_1680_a91a2791b4052c5b62aaaaf0516ece6b.pdf |
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