Factoral Influences On Sustainable Risk Management Practices In It Industry

Abstract

Purpose: To identify the factors which influence risk management practices in Information technology industry. To investigate and analyze the prominent factors causing risk management in IT industry.
Approach: Data was collected from 67 IT employees who are having more than three years of experience in IT projects based on convenience and snow ball sampling from Information Technology Companies located in Hyderabad who have been listed in NASSCOM. The hypotheses have been formulated and tested using SPSS software and the results have been arrived at.
Findings: The results from statistical analysis of the data indicate that in the IT organizations at all levels, cost of project, project schedule, project team, technological environment, organization culture and client are important factors that have been identified from the study believed to instill risk management at all levels irrespective of the designation.
Practical implications: It enables one to understand factoral influences on risk management practices. IT Organizations which intend to introduce or improve risk management in the organization can inculcate these practices into their organizational culture.
Originality/value: Although there does exist literature for identifying the factors of risk management, limited literature could be found focusing on factors which influence risk management in IT industry. This study may serve as a point of reference for future studies in this area of concern.
Index Terms - Sustainability, Organization, Information technology, risk management practice and IT employee.