Risk of New Technology in PM
Technology marvels have blessed us a lot and given us a lot of comfort and security. On the other hand New technology is always highly risk prone when you apply it in a project. The first problem arises is the uncertainty as you are perhaps applying a technology which is not time tested. Some major giants release a Beta version at the initial stage with a lot of glittering commitments and in many cases it has been observed that there is a gap between the reality and commitment.
This not only increases the risk of the project management, but at times, it can lead to a catastrophe, where you might have to scrap the entire project and start afresh.
We live in an age, where new technologies emerge every fortnight, and you like to apply them in your running or coming projects, which is NOT yet proven or even stability has NOT been ensured.
New technologies create another mess in your home front. As the technology has just emerged, neither your people master the technology before applying it, NOR you get good trainers, as the trainer might also be just picking it up. Even if you have the in house skill, the number gets limited to one or two, which brings another risk for a project management, which is person dependency. The market witnessed a similar problems, when Oracle launched OAS for the first time mainly in the Asian counterparts.
People have got the habit of running after newer technologies irrespective of the platform or environment. There is a sustainable amount of risk, the new technology may not have an intermingling relationship with the environment, which may really fall flat on your face.
We conclude like, we must welcome new technologies, but we must give it a time before applying it in projects.


