IT Risk Management Strategies and Best Practices

ProjectManager.com

Information technology (IT) is no longer a tucked away department with little impact on day-to-day affairs. It’s big business that’s involved in almost every sector of the economy, and therefore carries some major risks. Jennifer Bridges, PMP, shows you the importance of IT risk management in this short tutorial video. In Review – IT Risk Management Strategies and Best Practices. What is IT Risk Management? Is this a big risk?

Risk Management Resources

Herding Cats

Risk Management is essential for development and production programs. Information about key project cost, (technical) performance, and schedule attributes is often uncertain or unknown until late in the program. Risk issues that can be identified early in the program, which will potentially impact the program later, termed Known Unknowns and can be alleviated with good risk management. Effective Risk Management 2 nd Edition , Edmund Conrow, AIAA, 2003.

Risk 35
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

A Compendium of Risk Management Resources

Herding Cats

This blog page is dedicated to the resources used to manage the risk encountered on software-intensive systems using traditional and agile development methods. Let's start with a critical understanding of the purpose of managing risk on software development projects. Risk Management is essential for development and production programs. Effective Risk Management 2nd Edition, Edmund Conrow, AIAA, 2003. Risk a Feelings,” George F.

2012 33

An Introduction to Supply Chain Management (SCM)

ProjectManager.com

Supply chain management (SCM) is the discipline that manages supplies and processes through all of the stages of a project, product or business deliverable. Getting through these various stages efficiently requires control—that’s where supply chain management comes in. Every aspect of business is managed to make the most of the resources involved and be as productive as possible. People are managed and supplies require management as well.

2019 216

A Compendium of Works to Increase the Probability of Project Success

Herding Cats

Business, Technical, Systems, Risk, and Project Management. Managment Processes. Nine Best Practices of Project Management , Software Program Managers Network (SPMN). Top Habits of Successful Project Managers. Integrated Master Plan: The Foundation of Program Success , College of Performance Management, May 21, 2014. The Nine "I's" of Program Success ," College of Performance Management. Ten Rules for Common Sense Program Management.

2003 45

Compendium of Works to Increase Probability of Project Success

Herding Cats

Business, Technical, Systems, Risk, and Project Management Briefings and Presentations. Management Processes (#MP). Project Performance Management (#PPM). Agile Project Management (#APM). Risk Management (#RM). Cost, Schedule, and Technical Performance Management (#CSTPM). Earned Value Management (#EVM). Integrating Agile and Earned Value Management (#AEVM). Business, Technical, Systems, Risk, and Project Management.

2003 37

Governance and Estimating

Herding Cats

Authority to influence behaviours. A structural component that pertains to the organisation’s information technology activities, the way those activities support the goals of the business, and the people who help manage those activities. All businesses that operate inside governance frameworks, which address: Risk, Conformance and Compliance - COSO, CoBit, ISO 27001, ISO 38500. Information & Technology Balance Sheet - Balanced Scorecard, Zachman .

DDSTOP The Saga Continues

Herding Cats

There's been a rash of conjectures about all kinds of bad business, project, and software development (agile and traditional) management ideas of late. Define the risks - reducible and irreducible - to each Capability and their Features. Place all the information into some modeling tool. What is the Value at Risk for your Project? If your Value at Risk is low, then all this is not likely to be of concern. It's also a code word for bad project management.

Concept of Operations

Herding Cats

Johns Hopkins University's Whiting School of Engineering provides an approach to making the decision about what's in the ConOps and its format based on some Systems Engineering analysis of criteria: Program risks - reducible and irreducible uncertainties that create these risks. Funding constraints - how much money do we have, when can we spend it, what's our management reserve? Technology considerations - what limitations do we have? IT Risk Management.

2014 34

DDSTOP The Saga Continues

Herding Cats

There's been a rash of conjectures about all kinds of bad business, project, and software development (agile and traditional) management ideas of late. If you're not an expert, you're not going to recognize the possible solutions, risks, impediments, and opportunities for the problems you'll encounter in developing a solution that has never been developed before. And then some more resources for managing in the presence of complexity . Irreducible Schedule Risk.

What is Strategy?

Herding Cats

Management then reverts to the simpler task of overseeing independent functions. Improving operational effectiveness is a necessary part of management, but it is not a strategy. In confusing the two, managers will be unintentionally backed into a way of thinking about competition that drives the business support processes (IT) away from the strategic support and toward the tactical improvement of operational effectiveness. How is this topology managed?

DDSTOP The Saga Continues

Herding Cats

There's been a rash of conjectures about all kinds of bad business, project, and software development (agile and traditional) management ideas of late. If we take Tim Lister's advice about managing risk while spending other people's money in the presence of uncertainty, where is the adult supervision here? . . They don't care about cost, risk, schedule, the probability that they'll get what they paid you for. Uncertainty can never be managed with Estimates .

The Urge to Strangle(The Strangler Pattern)

Leading Agile

Business agility means having the capability to “turn on a dime” at low cost and with low risk, to drive innovation, respond to market changes, and overcome the competition. In any enterprise that depends heavily on information systems, business agility is not possible without technical agility. Once a technology becomes part of the environment it tends to stay there, even after the shine wears off. Unofficial IT’s risks and costs.

2018 81

Software Estimating Resources

Herding Cats

One of our clients, a retired USAF Col Program Manager at an NNSA Weapons Testing Site has a statement that is applicable here: If you lack academic basis and validated experience, your advice is simply unsubstantiated opinion without any basis in fact or principle. Flint, School of Management, Working Paper Series, September 2005.”. Why Monte Carlo Simulations of Project Network can Mislead,” Terry Williams, Project Management Journal 35(3), pp.

Estimating is a Learned Skill

Herding Cats

Estimating is a learned skill, used for any purpose from every-day life to management of projects. The Influence of Selection Bias on Effort Overruns in Software Development Projects,” Magne Jørgensen, Simula Research Laboratory & Institute of Informatics , University of Oslo. Software effort estimation terminology: The tower of Babel,” Stein Grimstad, Magne Jørgensen, Kjetil Moløkken-Østvold, Information and Software Technology 48 (2006) 302–310.