Sample Essay on:
Javacom’s Project Contracted to the City of Meridian

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Essay / Research Paper Abstract

A 7 page paper discussing the risk that Javacom faces in providing a new system for the city of Meridian, Louisiana. If all parties will practice excruciating detail examination at the outset of the project, then there is much more promise that the project will be successful and highly relevant to the needs of the customer. The alternative is yet another IT project that has gone over budget and past schedule, when avoiding the costly problems could be accomplished quite easily merely by identifying potential problem areas and acting to mitigate them. Includes a Risk Management Matrix. Bibliography lists 4 sources.

Page Count:

7 pages (~225 words per page)

File: CC6_KS-ITprojRisk.rtf

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Unformatted sample text from the term paper:

"Javacom is a small information system consulting firm located in Meridian Louisiana," recently retained to design "and install a local area network (LAN) for the city of Meridians social welfare agency." The project team consists of two Javacom consultants and one intern from a local university. The purpose here is to identify possible risk factors from the perspective of the project manager. Defining Risk The defining concept of risk management is that it minimizes the risk associated with any available choice of action. The risk that exists arises from uncertainty in a variety of arenas, including economic, social, political and even physical conditions; and how those conditions interact with each other to form a collective climate and atmosphere that exists only in the present time. If all possible sources of risk could be identified and accounted for, the resulting truth would exist only for the moment in which it can be recognized. One or more factors will change with the advancement of the clock, changing the entire identified scenario. When Herbert Simon (1986) established his theory of bounded rationality, information was considered to be a scarce source that was difficult to find. Of course that condition has been altered immensely in our present "information age," but the preponderance of information available does not always contain all the information necessary to make the best decision for the future. The best that the risk manager can hope to achieve is the best decision possible based on the information that is known. Simon (1986) maintained that decision-makers often would "satisfice" by seeking "a satisfactory reward rather than seeking the maximum reward" (Simon, 1986). ...

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