The importance of analyzing modern models and methods of risk management in mis implementation projects

Elbaruni J, Danchenko. E

Many risks might be encountered in every project. Some of the risks that might impact MIS implementation projects include constantly changing requirements, estimating time and risks,and technical risks. Thus, while implementing any MIS project, it is vital to analyze techniques of risk management and modern models.Different modern models and risk management methods must be utilized in any project for it to succeed. In order to deal with project risks, it is vital for managers to identify effective strategies that should be utilized to eradicate the risks. One way managers eradicate these risks is by applying the right tools, which enables a firm to identify risks that might impact project goals and objectives. Modern and effective software must also be utilized in all the procedures of risk management, as discussed in this paper.