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http://dx.doi.org/10.7236/JIIBC.2019.19.2.25

Risk Factors Identification and Priority Analysis of Bigdata Project  

Kim, Seung-Hee (Dept. of IT Convergence software Engineering, Korea university of Technology & Education)
Publication Information
The Journal of the Institute of Internet, Broadcasting and Communication / v.19, no.2, 2019 , pp. 25-40 More about this Journal
Abstract
Many companies are executing big data analysis and utilization projects to legitimize the development of new business areas or conversion of management or technical strategies. In Korea and abroad, however, such projects are failing because they are not completed within specified deadlines, which is not unrelated to the current situation in which the knowledge base for big data project risk management from an engineering perspective is grossly lacking. As such, the current study analyzes the risk factors of big data implementation and utilization projects, in addition to finding risk factors that are highly important. To achieve this end, the study extracts project risk factors via literature review, after which they are grouped using affinity methodology and sifted through expert surveys. The deduced risk factors are structuralize using factor analysis to develop a table that categorizes various types of big data project risk factors. The current study is significant that in it provides a basis for developing basic control indicators related to risk identification, risk assessment, and risk analysis. The findings from the study contribute greatly to the success of big data projects, by providing theoretical basis regarding efficient big data project risk management.
Keywords
bigdata; bigdata project; project risk management; risk factor;
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