Multiphase Assessment of Project Risk Interdependencies: Evidence from a University ISD Project in Taiwan

Abstract

Project risks evolve dynamically, so variations in risk influences during the life cycle of an information system development project require analyses to devise risk management strategies cost effectively and at the appropriate stages. This study extends the Decision Making Trial and Evaluation Laboratory technique, using network theory, to assess the risk interdependencies for distinct project phases. A multiphase observation of a university information system development project in Taiwan provides a more in-depth understanding of the key risk factors. To enhance risk assessments, this study proposes integrating an interdependency indicator with risk exposure measures.