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Evaluating and mitigating Information systems development risk through Balanced Score Card

  • Shan Liu
  • , Jinlong Zhang
  • , Yuqing Liu
  • , Tao Chen
  • Huazhong University of Science and Technology

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

2 Scopus citations

Abstract

Information systems project especially web systems project has characteristics such as dynamic change and risks in the process of development. The development process is required to be evaluated for decision-making and the risks need to be mitigated. However, many information systems development ignored the importance of corporation's long-oriented strategy. To balance the relationship between long-oriented strategy and short time dynamic risks, the risks should be managed from the strategic perspective. In this paper, a model for evaluating and mitigating information systems project risk based on Balanced Score Card (BSC) is built. Risks in the systems development process are identified and evaluated through BSC. Risk mitigation strategies are also put forward to transform the risk into strategic execution. We also applied this model in a real corporation. The result shows that the BSC tool can effectively evaluate and control IS development risks while satisfy the strategic target in the corporation.

Original languageEnglish
Title of host publicationProceedings - 2009 International Symposium on Information Engineering and Electronic Commerce, IEEC 2009
Pages111-115
Number of pages5
DOIs
StatePublished - 2009
Externally publishedYes
Event2009 International Symposium on Information Engineering and Electronic Commerce, IEEC 2009 - Ternopil, Ukraine
Duration: 16 May 200917 May 2009

Publication series

NameProceedings - 2009 International Symposium on Information Engineering and Electronic Commerce, IEEC 2009

Conference

Conference2009 International Symposium on Information Engineering and Electronic Commerce, IEEC 2009
Country/TerritoryUkraine
CityTernopil
Period16/05/0917/05/09

Keywords

  • Balacned Score Card
  • Information systems development
  • Risk evaluation
  • Risk mitigation

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