IT Risk Management Strategies and Best Practices

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. What is IT Risk Management?

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. Effective Risk Management 2 nd Edition , Edmund Conrow, AIAA, 2003.

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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.

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A Compendium of Works to Increase the Probability of Project Success

Herding Cats

Business, Technical, Systems, Risk, and Project Management. Deliverables Based Planning: Providing Actional Information to the Program Manager , 11th Annual Rocky Mountain Project Management Symposium, 2009. Risk Management. Handling Risk on High Technology Programs.

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An Introduction to Supply Chain Management (SCM)

Supply chain management is used to describe a number of different approaches that are used to integrate the flow of materials, finances and information efficiently. Like anything else, SCM didn’t show up fully formed but was influenced by other disciplines. Paces with Technology.

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Compendium of Works to Increase Probability of Project Success

Herding Cats

Business, Technical, Systems, Risk, and Project Management Briefings and Presentations. Risk Management (#RM). Business, Technical, Systems, Risk, and Project Management. But in fact, risk management is part of the other 4 principles as well. Risk Management .

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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.

What is Strategy?

Herding Cats

Influences of IT Strategy. The IT Strategy components described above are based on the physical and logical technologies of the IT Infrastructure. These describe how, what, when, and where for the technology of the IT Strategy is to be deployed. The effects of this technology deployment are another element of the IT Strategy. In order to complete the IT Strategy the influences of these technologies on the organizational aspects of the business must be understood.

Software Estimating Resources

Herding Cats

Effort Distribution to Estimate Cost in Small to Medium Software Development Project with Use Case Points,” Putu Linda Primandari and Sholiq, The Third Information Systems International Conference, Procedia Computer Science, 72, pp. Monte Carlo Schedule Risk Analysis,” Intaver Institute, Inc.

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. Once a technology becomes part of the environment it tends to stay there, even after the shine wears off.

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DDSTOP The Saga Continues

Herding Cats

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.

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. Technology considerations - what limitations do we have? IT Risk Management.

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DDSTOP The Saga Continues

Herding Cats

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. Irreducible Schedule Risk. Irreducible Cost Risk.

DDSTOP The Saga Continues

Herding Cats

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. Irreducible Cost Risk.

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Estimating is a Learned Skill

Herding Cats

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. Information Technology and Computer Science , 2012, 8, 43–50.