EPM5700 Project Management and Information Technology Individual Assignment Suggested Report Content I suggest each one of you to follow the simple format listed below.  Cover Sheet with Title ...

PROJECT MANAGEMENT AND INFORMATION TECHNOLOGY
Executive summary
In this contemporary world of business project plays a significantly vital role. Projects can be classified into two segments, the first one is a long-term project and the other one is short-term project. This study is focused on identifying software used by organizations in order to minimize project risk. A brief critical analysis of three ‘risk management software’ has been conducted through this report. Moreover, information related to the suitability of each risk management software has been evaluated through an evaluation matrix. A list of recommendations based on the outcomes from this report is also attached to this report.
Table of Contents
Aims of the Investigation    4
Introduction of the topic    4
Significance of this investigation    4
Listing and describe the available software    4
Software Selection for evaluation    5
Identify and set Criteria for Evaluation    6
Discussion on Weighting for each criteria    7
Set up Evaluation Matrix    7
Justification of weighting criteria for each software    7
Discussion on the results    8
References    10
Appendix 1: Feature of ADAudit Plus    11
Appendix 2: Feature of OneSoft Connect    12
Appendix 3: Feature of RiskGap    13
Aims of the Investigation
Managing a project in an effective way is one of the key components behind the success of a business. A project always involved with a number of risks. However, project manager uses various applications or software to minimize risk associated with their respective projects (Neves et al. 2014). This study is aimed to identify various software those are used by project management organizations an evaluation of all available software will also be discussed through this study.
Introduction of the topic
Business activities like ‘launching of new product’, ‘introducing new production line’ are implemented by organizations through a project management mechanism. Whenever the term ‘Project management’ arrive in picture the term ‘risk’ also takes place. Along with managing project, ‘managing risk’ is also required to manage. Here risk refers to ‘financial losses, ‘project schedule issue’, ‘internal conflict’ and others (Marcelino-Sádaba et al. 2014). In order to manage those risks a number of application or software are used by organizations.
Significance of this investigation
Application of risk management software is not a cake walk all the time. Based on organization architecture, budget and feature of application each software is chosen. This study will help organizations to identify which software should they choose to minimize risk associated with their project (Kliem and Ludin, 2019). Each software comes with their pros and cons, despite having disadvantages those risk management software helps a lot to organizations in minimizing risks. Following part of the report will identify software those are usually used for managing risk and their evaluation based on certain criteria will be presented.
Listing and describe the available software
Earlier discussed that a project consists of risks from different dimensions. For example, ‘financial risk’, ‘delivery risk’, ‘life risk of executives’ and others. Out of various software available in the market some of the most common software are:
· ADAudit Plus
· OneSoft Connect
· ProcessGene GRC Software Suite
· RiskGap
· TeamMate+ Audit
· iGrafx
Software Selection for evaluation
Based on certain criteria each software is required to be selected. It is assumed that an IT project has been taken by an organization. Based on that three most effective ‘risk management software’ has been chosen in this section of the study. From the above list of software, the three most effective software for managing risk is presented as below.
· ADAudit Plus
· OneSoft Connect
· RiskGap
Critically Review the selected three Softwares
ADAudit Plus: ‘AdAudit Plus’ is a risk management software used by organization those are usually use windows operating system in their computer. This software is not available to the organizations that use Linux or UNIX into their computer (Manageengine.com, 2019). While looking at the capacity of the software, it is found that the minimum users required in a company is 100 in order to implement the software. This also suggested that startup organizations having less than 100 employees would not able to implement this risk management application into their system.
Onesoft Connect: ‘Onesoft connect’ is another risk management application available in the market. ERP mechanism is one of the major parts of this software. ‘Onesoft Connect’ is mostly used by small and medium organizations (Capterra.com, 2019). A major feature of this software is that it...