Enterprise IT Integration Framework for Integrating Positive Risks into Project SDLC Processes

  Estimating   Governance   Risk Management   Knowledge Shelf  

Positive risks always exist, whether or not they are detected or recognized by the project management team. In the context of IT project/program risk management practices, project team(s) are predominantly focused on negative risk identification, related priorities, the probability of occurrence, and associated impact on the project goals/objectives and risk response–planning strategies such as avoid, mitigate, transfer, and accept to address the negative risks.

It is important that the project management team is cognizant of the risk/reward duality and that they implement the positive risk/opportunity management integration rigor into project systems development life cycle (SDLC) processes by factoring in the outcome of the benefit/value realization by effective positive risk/opportunity management.

The focus of this paper is to provide a framework for effective positive risk/opportunity management integration into project SDLC processes for benefit/value realization of the project deliverable(s) and/or project goals, through the project life cycle.

This paper also provides the enterprise IT software engineering process group (SEPG)/quality function, and IT project management team(s)/IT project management offices, among others, with an overarching oversight of the framework for integration of positive risks/opportunities into project risk management and …

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