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Business Intelligence and Agile Methodology for Risk Management in Knowledge-Based Organizations

Business Intelligence and Agile Methodology for Risk Management in Knowledge-Based Organizations

Muhammad Mazen Almustafa, Dania Alkhaldi
Copyright: © 2012 |Pages: 28
ISBN13: 9781613500507|ISBN10: 1613500505|EISBN13: 9781613500514
DOI: 10.4018/978-1-61350-050-7.ch012
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MLA

Almustafa, Muhammad Mazen, and Dania Alkhaldi. "Business Intelligence and Agile Methodology for Risk Management in Knowledge-Based Organizations." Business Intelligence and Agile Methodologies for Knowledge-Based Organizations: Cross-Disciplinary Applications, edited by Asim Abdel Rahman El Sheikh and Mouhib Alnoukari, IGI Global, 2012, pp. 240-267. https://doi.org/10.4018/978-1-61350-050-7.ch012

APA

Almustafa, M. M. & Alkhaldi, D. (2012). Business Intelligence and Agile Methodology for Risk Management in Knowledge-Based Organizations. In A. Rahman El Sheikh & M. Alnoukari (Eds.), Business Intelligence and Agile Methodologies for Knowledge-Based Organizations: Cross-Disciplinary Applications (pp. 240-267). IGI Global. https://doi.org/10.4018/978-1-61350-050-7.ch012

Chicago

Almustafa, Muhammad Mazen, and Dania Alkhaldi. "Business Intelligence and Agile Methodology for Risk Management in Knowledge-Based Organizations." In Business Intelligence and Agile Methodologies for Knowledge-Based Organizations: Cross-Disciplinary Applications, edited by Asim Abdel Rahman El Sheikh and Mouhib Alnoukari, 240-267. Hershey, PA: IGI Global, 2012. https://doi.org/10.4018/978-1-61350-050-7.ch012

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Abstract

In this highly technology - dependent, knowledge- based economy, the causes for failure of most software development projects are related to rapid technology changes, in-flux business requirements, or failure to tackle risk. Accordingly, risk management plays significant and crucial role in organizations’ response to this rapidly changing economy. Risk management process is illustrated in four main steps: identify the risk, analyze the risk, treat the risk and monitor the risk. This chapter discusses and explores the role of business intelligence and agile methodology to manage risk effectively and efficiently. It explores the risk management traditional tools that are commonly used, the role of business intelligence in risk management, and the role of agile methodology in risk management.

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