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Category: IT Governance
New Approaches to Managing Risk in Complex IT Projects
Dealing with risk in even the most simple of IT projects can be a daunting task. When the project at hand is a major and extremely complex IT project, the thought of risk management can be downright terrifying. With so many risks on the table, it is extremely difficult to decide which ones to focus [...]
Sharpening Strategic Risk Management
Anyone outside of the IT world would likely suggest that the most strategic plan would be to eliminate risk entirely. Those in IT understand that eliminating risk all together is not a real possibility. Furthermore, they understand that strategic risk is in fact necessary to successful completion of a project. Armoghan Mohammed and Richard Sykes [...]
10 Steps to Better IT Risk Management
You cannot have successful Enterprise Risk Management (ERM) without strong IT risk management. IT has found itself at the center of all business like never before. Likewise, each and every day we are seeing an increasing number of threats to privacy and information. A a recent survey by Carnegie Mellon University’ CyLab is the basis [...]
Communication Key to Risk Management in Security
Open a spreadsheet, fill out a risk register, and groan quietly. That does not always need to be the way risk management is handled, especially not when it comes to security, according to CISO of News International, Amar Singh. At Computer Weekly, Warwick Ashford writes about Singh’s perspective and how good communication can be a [...]
Marrying IT Risk Management with Enterprise Procurement
Sharing information with dozens, hundreds, or thousands of vendors and other third parties means just as many opportunities to have information leaked or stolen. The volume and variety of vendor contracts also make it that the cost of attempting to pin responsibility on all vendors for the same information security requirements would be impractically huge. [...]
9 Steps to Embracing Risk Analysis in the Enterprise
It is a pretty safe bet that nobody involved in the development of Skynet in the Terminator franchise ever practiced good risk management. Otherwise, there would not be so many time traveling killer robots all over the place. But the truth is that many challenges facing the world economy today can in some part be [...]
Managing Knowledge Risks
Three years of research into any topic is bound to yield some valuable insights, and when the topic is risk management, those insights just might be the ticket to avoiding catastrophe. Dr. Blaize Horner Reich and her colleagues developed five overarching principles for managing IT risk over a period of three years at Simon Fraser [...]
Change v Risk
Change and risk go hand in hand. With change comes risk, and risks tend to bring about change. They are two sides of the same coin. These are the thoughts of project management blogger John Goodpasture. Goodpasture suggests that a minimal understanding of and experience with cognitive psychology are greatly beneficial to understanding risk and [...]
Is Your Risk Management Program Doomed to Fail?
It is difficult not to analyze what your competitors are doing. Furthermore, it is also difficult to avoid getting caught up on existing mandates and isolated risks. According to an article on Insider Profiles, implementing a true enterprise risk management strategy involves really looking at your organization’s core business and deciding how that capability could [...]
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