Evaluating the Efficiency in which Risk is Managed in a Portfolio of IT Projects: A Data Envelopment Analysis Approach

This paper presents a method that allows managers and information technology professionals to better evaluate how efficiently risk is being managed within the confines of a portfolio of software projects. The method, which is based upon optimization and risk modeling, favors actions that increase the efficiency of risk management and, as a result, the likelihood of projects being delivered on time, within budget and in accordance with the requirements they were intended to be satisfied.

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