Significant Risks Identified in Information Technology (IT) Project Management

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Vonya Global

Vonya Global is delighted to lend our expertise in IT Governance and IT Risk Management to our client, helping them mitigate the risk in their IT Project Management process.

Chicago, IL (PRWEB) August 3, 2010

Failed or challenged Information Technology projects, often the result of poor IT Project Management, can have a significant impact on an organization. Project failure often comes down to two key things: too much optimism in project planning and technology failures. Vonya Global has been retained by a leading Global Medical Manufacturer to review the company’s IT Project Management methodology, provide guidance on risk and internal controls, and provide an independent assessment of the company’s ability to consistently achieve project expectations.

The process for managing IT project carries significant risks for a company. Poor project management can result in many problems for a business, including:

•     Disruption of service to customers
•     Loss of competitive advantage
•     Fines from regulatory bodies for failed compliance
•     Loss of revenue
•     Negative impact on reputation
•     Delays in deploying critical strategic initiatives, products, or processes
•     Loss of expected return-on-investment
•     Loss of critical business and IT personnel
•     Facility closure or damage
•     Loss of shareholders/investors

Vonya Global’s objective in this assignment is to review the IT Project Management practices and offer advice to improve the process and minimize the inherent and company specific risks that can negatively impact IT project delivery. There are five key components of IT projects that Vonya Global evaluates:
1.    Business and IT Alignment
2.    Project Management
3.    IT Solution Readiness
4.    Organizational and Process Change Management
5.    Post Implementation Analysis

Vonya Global Managing Partner Steven Randall stated: "Vonya Global is delighted to lend our expertise in IT Governance and IT Risk Management to our client, helping them mitigate the risk in their IT Project Management process."

ABOUT VONYA GLOBAL: Vonya Global is an international consulting firm specialized in internal audit, risk management, and corporate governance. The firm is focused on providing Knowledge Leadership in internal control and superior Client Service. There is a better way, Vonya Global will show you.

Vonya Global LLC is headquartered at 150 N. Michigan Avenue, Suite 2935, Chicago, IL 60601 and has locations worldwide. For more information please email infor(at)vonyaglobal(dot)com or visit the Vonya Global website (http://www.vonyaglobal.com)

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