Information Technology Risk Management In Integrated Financial Management Information System In Kenya

Abstract

This study investigated information technological risk management associated with integrated financial management information system (IFMIS) in Kenya. IFMIS is not a new phenomenon in Kenya. Both the public and private sector have adopted IFMIS. Due to poor implementation of the system and other challenges, the users of IFMIS have experienced many problems. IFMIS system has complex features which come up with risks, security and reliability issues that have an impact on efficient cash management. The purpose of the study therefore was to investigate information technological risk management associated with IFMIS. To achieve its purpose, the study used the following three objectives to: establish the information technological risks associated with IFMIS; establish measures for mitigating IT risks associated with IFMIS application and to determine effectiveness of measures for mitigating IFMIS information technological risks. The main theoretical perspective of the study was Contingency Theory. The study adopted descriptive research and data used was primary which was collected by use questionnaires and analyzed by coming up with means and standard deviation .The population for this study was comprised of all staffs in IFMIS department in National treasury. The study concluded that the major IT risks in IFMIS is system breakdown and the most used measure to counter the IT risks in IFMIS is changing passwords regularly and the most effective measure used in IFMIS to counter the IT risks is use of antivirus to control the virus.