The sum of the risk factor scores multiplied by the factor weights constitutes the project risks. The factor weights and scores can be displayed in an Information Economics Scorecard. An example is shown in Figure 9. The Information Economics Scorecard allows agencies to assess risks by making them visible through the organizational risk, definitional uncertainty, technical uncertainty and IS infrastructure risk factors. The total risk score for a project may be acceptable to one organization but not to another.
Agencies determine whether they can manage or lower the risks.
They can lower their IT project risks by improving organizational readiness, reducing the project scope, or segmenting the project into more definitive modules. Figure 9 shows the Information Economics Scorecard for a proposed payroll system. The payroll system received a 3 on the organizational risk factor because the personnel department did not make adequate plans to integrate the new payroll system into its operations. For multiple projects, the project scores by factor can be displayed in a table as shown in Figure 10. In this example, the maximum possible value score is 100.