The amount of information, effort, and rigour necessary for risk planning is primarily determined by the project’s size, budget, and complexity. Risk identification and risk monitoring may be performed considerably more casually on smaller projects with a small project team, budget, and time limit than on bigger projects. Defining categories for categorising hazards is a recommended initial step in risk identification. Risks and risk occurrences in technology projects are frequently classified into the following categories:
- Technical/Operational: Includes risks related to the technology program or project based on technological components, such as hardware and software, network setup, database creation, information security, and procedural procedures linked with technology procurement and deployment. These risks represent potential technological challenges in system development that might affect costs or timelines.
- Organizational/Staff Resource: Includes all elements of organizational relationships, management, assignments, project governance structure, high-level legislative and executive support, legal and policy rulings, and all types of political and media effects on the organization and the technology project and program. Staffing allotment and engagement issues are also included in this area.
- Funding/Finances: Includes the risks of allocating and maintaining funds for technology operations. This encompasses both internal organizational actions that affect project funding streams as well as external economic factors that affect technology resources.
Risk Matrix template for Technology Project (Technical and Operational Risks)
| Risk/Risk Event Examples | Description | Triggers/Indicators |
| Insufficient Team Participation | The amount of involvement or needed timeliness in the program by a member or members of the project team is not meeting expectations. This leads to slow responses to vendor requests for information, insufficient review comments during quality assurance work, and other project tasks needing team involvement. This might have an influence on the project’s timeline or output quality. | A departmental manager’s decision to decrease worker involvement. Quality and timeliness of team member participation were found to be problematic |
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