Optimization Model in Human Resource Management for Job Allocation in ICT Project International Journal of the Computer, the Internet and Management Vol. 19. No.3 (September-December, 2011) pp 21 -27 21 Optimization Model in Human Resource Management for Job Allocation in ICT Project Sanghamitra Mohanty 1 Malaya Kumar Nayak 2 1 Professor and Head 2 Department of Computer Science and Applications Research Scholar Utkal University Bhubaneswar – 751 004, India E-mail Id: sangham1@rediffmail.com, malaya.au@gmail.com Abstract This research article highlights a novel approach of scheduling risk which assures decrease in cost and increase in performance for the human resource management in Information and Communication Technology projects. The cost management can be considered as all the processes required to ensure that a project team completes their assignment within an approved budget. This research paper will focus on much bigger dimension of problem considering various distributed factors in project management where all the entities involved in the project will be considered for risk scheduling. The proposed article will provide support to dynamically changing environments in ICT and also support its complex heterogeneous environment which will enhance the cost effectiveness factor in bigger scale project involved in ICT. Keywords: Risk planning, ICT, Cost estimation, Project planning, Human resource management. I. Introduction Risk consequences based on risk management actions are embedded in institutional and organizational structure. Organizational structure engages with risk management through human resource management and its associated security issues. One of the key reasons point out by Matta and Ashkenas [1] is that managers use project plans, timelines and budgets to reduce what we call “execution risk”- the risk that the designated activities won’t be carried out properly – but inevitably neglect these two other critical risks – the “White Space Risk” that some required activities won’t be identified in advance, leaving gaps in the project plan, and the “Integration Risk” that the disparate activities won’t come together at the end. Often project managers do not have any risk cost estimation Staw and Ross [2] and when the project cost grows way beyond budget, they do another mistake which is stated by Davis [3]. And one of the toughest parts of project management is managing human resource effectively. Hughes [4] further claims that managing ICT risks must focus on a combination of process, people, technology and information. It also identifies the human resources required to implement the plan. Levine [5] also supports the view that ICT risk management must take into account people, process and systems, including organisational factors such as corporate culture and employees. 2. Risk Scheduling in ICT Risk assessment in ICT project is very crucial with respect to human resource management. Certain issues in employee risk scheduling are loss of productivity for skill gaps in them for which reason the