Balancing digital transformation risk factors through planning and mitigation
Identifying risks to a project will help guide key decisions early in the project toward a satisfactory conclusion. During the discovery phase, you will want to review the organization and the project for the following risks.
These are the types of potential project and organizational risks:
- Non-tangible risks
- Team capabilities and skillsets
- Project timeline risks
- Budget constraint risks
- The organization’s competitors
As part of the discovery phase, you will want to identify the different risks to the project and put in place a mitigation strategy for dealing with those risks during the project’s life cycle.
Through an analysis of an organization’s business process strengths, weaknesses, opportunities, and threats (SWOT analysis), you will gain visibility over areas of concern to be aware of (such as potential risks to the project due to budget constraints...
