Risk Analysis and Web Project Management

The web has become the main platform for deploying business and social application and organizational information systems. Web Project management is relatively new field of knowledge, which has been dynamically developing. Goal of project management is providing solutions to existing problems, ranging from simple problems of preparing a wedding to setting up a factory or building a space ship. While providing a solution it deals with management of resources, people, time and communication. Additionally it addresses problems of managing risk and informing stakeholders of a project. These problems have lead to invention of tools like: Work Breakdown Structure, Gantt chart, PERT diagram and Critical Path Method. Another important aspect of project management is that it involves teamwork and collaboration of team members. The aim is to bring an easy to use and complete application for project managers and team members that will provide the most needed tools and enforce communication between team members. Risk assessment is an important part of the project. It is often carried out individually by the various disciplines involved in a construction project [1]. As the industry moves towards more collaborative working practices, it is vital that tools are available which enable risk assessment to be collaboratively undertaken. The paper addresses what are the new ways to reduce risk in web project management.