IT Governance with Risk Management Impact on the Government Sector Business Strategy - Research Proposal Example

Data collection is a very crucial part of secondary research. Expert work in the field will be reviewed. Both qualitative and qualitative data was used in the proposed study. Quantitative data was collected in the form of different published statistics, and indices of the government economy prior to and during the global financial crisis. The data that will be used in this study was purely secondary data. As such, academic sources such as academic journals, books, and other publications served as important sources of information for the research. Data about the period in question was collected from official sources such as the website of the Central Bank and other corporate websites including auditor’s report. The collected data will be then processed using qualitative and quantitative means. For qualitative data, a critical analysis of the findings of other studies on the subject carried out in the recent past was done. On the other hand, qualitative data was processed using quantitative techniques to establish the efficiency of different policies that were adopted by the government to mitigate the crisis as well as establish the impact of risk on the economy. This approach to processing the data of the experiment was necessary for identifying and evaluating and helps to prevent the economy from the influence of a crisis similar. Regression analysis will be using SPSS version twenty to determine the result.

• 7.0 Significance of the Research

The impact of information technology is of much importance in the present risk management process. The development of IT and communications technologies made a lot of deviation in the risk management process. This research will try and give some of the more insights on the impact of IT on risk management and governance process. Due to increase uncertainty in the business environment, there is a need to increase investigation of the mitigation factors to organization risk. Risk factors should be managed by the management in a more proper way using the necessary control system. This study will also add to the present literature on the impact of IT on risk management (Kolk, 2008).

The study will also provide effective ways and proposal on effective risk management system within the company since the effective risk management strategies will help a business to find almost all possible risk in advance and hence the success in the long term can be achieved.

Another significance of this study is that it serves as a market survey, what companies should do to improve their reputations. Therefore, it is very important for companies to know how their customers feel about them.