The effectiveness of IT risk management in SMEs

Dabor, Emanuella (2008) The effectiveness of IT risk management in SMEs. BSc dissertation, University of Portsmouth.

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    Information technology (IT) risk management is a term that has rapidly gained popularity, with companies losing so much from poor management of IT risks. In order to help reduce these risks, every tech website displays great amounts of adverts. IT has evolved over the years to become the back-bone of most organisations, thus it is no longer news that IT risk has the capability of handicapping an organisation's business processes. With this in mind it is rather surprising that little research has been carried out on the topic with respect to small and medium sized enterprises (SMEs) since it is a global trend that they are the engine of a nation's economy - accounting for high rate of businesses, employment and provide a significant contribution to the Gross Domestic Product (GDP) of a nation. More so, the impact of loss from IT risk is likely to be of a greater adverse effect than their larger counterpart and could result in their extinction due to poor stability and financial strength to survive incidents. This dissertation explores the effectiveness of IT risk management in SMEs. It serves as a call for SME managers to take a proactive approach in managing the risk challenges of their enterprises. This dissertation has employed both primary and secondary research methodologies in evaluating the research problem-administered structured questionnaires and analysed secondary data. Results indicated that indeed SMEs are reluctant and negligent to the issue of IT risk management, which could in turn have significant negative impact on the nation as a whole.

    Item Type: Dissertation
    Departments/Research Groups: Faculty of Technology > School of Computing
    Depositing User: Jane Polwin
    Date Deposited: 20 Jan 2011 12:48
    Last Modified: 28 Jan 2015 11:14

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