Information Technology Risk Management

Herding Cats

Risk Management is How Adults Manage Projects - Tim Lister (IBM). It can't be stated too often - either manage risk, or risk will manage you. Projects without risk management are late and over budget before they start. Reducible uncertainties can have specific actions to reduce to risks that result from the uncertainties. Here's a paper describing how to manage an IT project with Risk Management.

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?

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How to Build and Use a Risk Register

Project Risk Coach

Project managers constantly think about risks, both threats and opportunities. Let’s consider a simple but powerful tool to capture and manage your risks—the Risk Register. What to Include in a Risk Register. ” Risk Owner. Risk Score.

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How to Plan Your Risk Management From Start to Finish

Project Risk Coach

Let’s talk about how to plan your risk management from start to finish. Some people think of risk management plans in the wrong way. Risk management plans are not a list of risks and what you plan to do (e.g. risk register). Risk categories.

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How Poor Risk Management Is Hurting You

Project Risk Coach

Poor risk management is costly. Project managers are caught off guard by emerging risks. And these risks may turn into issues costing more time and money. We can identify risks early. Tom was promoted to program manager after only 12 months with the company.

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Reflection and Takeaways on Agility from the SMC-IT 2018 Space Mission Design conference

The IIL Blog

The 6th International Conference on Space Mission Challenges for Information Technology, held in Alcala de Henares, Spain, brought together scientists, engineers, and researchers from NASA, the European Space Agency, universities and industry.

2018 84

12 Wonderful Ways To Improve Your Risk Management

Project Risk Coach

John Smith was hired as a new project manager at a leasing company, and he was assigned a small project with a team of six people. How well did John use risk management to accomplish his goal? He and his team completed a project plan and identified project risks.

2016 209

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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Managing in the Presence of Risk

Herding Cats

Information technology project risk often comes from non-technical aspects of the initiative. Assessing the impact of technology on people, management systems and other initiatives is essential to assure project success. "We

Risk 43

7 Steps for Effective Problem Management in IT

Information technology (IT) is a broad field that encompasses anything related to computer technology. Teams that work in IT are there to support these technologies and the people who use them. What Is Problem Management? ITIL & Problem Management.

2020 246

An Introduction to Supply Chain Management (SCM)

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.

2019 260

Six Sigma: A Simple Guide for Project Managers

This is achieved via a set of quality management methods, which feature both empirical and statistical approaches. Test those solutions, and figure out what risks are inherent. For one, it doesn’t incorporate information technology.

2018 426

IT Governance: Definitions, Frameworks and Planning

Information technology is prevalent in nearly every industry and organization across the globe. On top of it all, information technology is constantly evolving. If you ask the business world, IT governance is all about managing performance for efficiency.

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. Ten Rules for Common Sense Program Management.

2003 59

The Ultimate Guide to Creative Project Management

ProProfs Project Management

Whether you are working solo or managing a team, goals need planning, management, and execution. . Now when we understand the importance of project management. It helps you execute tasks successfully, handle nitty-gritty, and manage all the unexpected chaos.

2020 59

IT Audit: Definition & Quick Guide

If you’re running a business or managing a project, the impact of a cyber criminal on your company can be catastrophic. Bottom line: technology is useful, but it’s also vulnerable. The process of conducting an IT audit is complex and touches on all aspects of your information system.

2019 243

Why Use Project Management Software for IT Teams?

ProProfs Project Management

Managing risks as and when they are encountered? Stakeholder Management. Change Management. Risk Management. Communications Management. So, let’s check why is it essential to use a project management software for IT teams and its key benefits.

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). Earned Value Management (#EVM).

2003 45

Top 7 Enterprise Project Management Software Tools

TrustRadius Project Management

TrustRadius has already done the work in compiling a list of the best project management software , according to end-users; but not all of them require the same scale of management or growth-optimization tools. Best Project Management Software for Enterprises. #1

2020 62

The Importance of Data Governance for Business

Much as a librarian is responsible for organizing a large collection of books, organizations must have a set protocol for managing the information they collect when doing business. This includes creating processes that provide accountability to make sure data management is effective.

Knowing the Role of Business: Chief Information Officer (CIO)


A Chief Information Officer (CIO) by definition is an executive job title commonly given to the person at an enterprise in charge of information technology (IT) strategy and the computer systems required to support an enterprise’s objectives and goals.

2018 195

How to Make a Disaster Recovery Plan

It enables the recovery and continuation of critical technology, infrastructure and systems. It focuses on the information and/or technology systems of supporting critical business continuity. Related: IT Risk Management Strategies & Best Practices.

Crucial Buying Criteria For Your Next Project Management Collaboration Tool

TrustRadius Project Management

Figuring out what makes one project management tool different from the next can feel like trying to taste the difference between two expensive bottles of red wine. Unless you’re a seasoned wine connoisseur or project management expert, it can be hard to know what to look for. .

2020 62

Process Reduces Agility? Only on De Minimis Projects

Herding Cats

IMPLEMENTATION OF NEW ACQUISITION PROCESS FOR INFORMATION TECHNOLOGY SYSTEMS. the Secretary of Defense shall develop and implement a new acquisition process for information technology systems. NoEstimates Agile Estimating Risk

Misunderstanding Making Decisions in the Presence of Uncertainty

Herding Cats

Uncertainty is related to three aspects of the management of projects: The external world - the activities of the project itself. Our perception of this world - the data and information we receive about these behaviors. An aleatory risk is expressed as a relation to a value.

The 5 Significant Agile Project Management Techniques For Your Organization

Even it was orignally created for engineering, information technology, and software development, agile has expanded to different industries such as project management. The function of agile project management is focused on improvement, team effort, scope, and quality products and services. Some agile project management techniques don’t work for organizations hence, a lot of time and resources are wasted implementing a technique that barely affects the system.

Biases in Project Management and How to Remove Them

Herding Cats

There is always lots of complaining about the biases introduced into managing projects and making the estimates needed to make project decisions. When System One works it is because of memories and past experiences inform the decision.

Commonly Used Project Management Software For 9 Key Use Cases

TrustRadius Project Management

It can be difficult to figure out which project management software will fit your teams’ unique circumstances best. That’s why the majority of project managers (58%) use at least two different products. I have been using it to manage my work schedule of tasks and daily plan.

2020 62

Complete Collection of Project Management Statistics 2015


Need up-to-date facts and figures for a project management report, article, or infographic? Browse this collection of project management statistics collected from studies and reports from the past five years. Benefits of Project Management. —1A. Agile Project Management.

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Biases in Project Management and How to Remove Them

Herding Cats

There is always lots of complaining about the biases introduced into managing projects and making the estimates needed to make project decisions. Cognitive bias - a mistake in reasoning, evaluating, remembering, or other cognitive processes, often occurring as a result of holding onto one's preferences and beliefs regardless of contrary information. When System One works it is because of memories and past experiences inform the decision.

What It Takes to be a Project Portfolio Manager


. Did you wake up one morning and say to yourself, “I want to become a project portfolio manager!” We’ll dish out all the details on becoming a project portfolio manager, including examples of job descriptions and salary ranges. .

Do You Actually Need a Project Management Certification?


You’ve probably heard about all sorts of project management certifications and wonder whether it’s worth having one. If some organization uses some project management framework, you need to get certified. If you want to manage projects better, certification won’t help you much. The most popular project management certifications. When it comes to project management, PMP is the most popular certification (and most widely recognized). project-management

#Noestimates Has Come to This

Herding Cats

Aleatory uncertainty produces an irreducible risk to the project. Epistemic uncertainty produces reducible risk, which can be dealt with directly with experiments, tests, redundancy, and other intervention processing. What's the Value at Risk ? No Risk Management.

2017 43

Cost Estimating Assessment Criteria

Herding Cats

Includes evidence of review and acceptance by management. Risk and uncertainty analysis that qualifies risks and impacts. Information Technology Estimating Quality. Managing in the Presence of Uncertainty. IT Risk Management. I'm working an Implementation Review (IR) of a major space flight vehilce, that includes Software Intensive System of Systems. . Here are the guidelines for a credible cost estimate (GAO-16-620). Comprehensive.

Integrated Change Control


Integrated change control (ICC) is the process of reviewing all change requests, approving changes, and managing changes to deliverables with documentation. It is the responsibility of the change manager to send out the CRs for discussion prior to the meetings.

Book of the Month

Herding Cats

The ignorance that all project work contains uncertainty, that uncertainty is of two kinds - reducible and irreducible, and that uncertainty is the source of risk. . Essential Reading List for Managing Other People's Money. IT Risk Management.

2017 36

No Pain, No Gain?


In the field of information technology (IT), most people think that performing financial analyses on new projects is hard work, but it doesn’t have to be if you know what you are doing. Turning Project Financial Analyses into a Painless Exercise. Introduction. “No

2019 76

5 Cybersecurity Tools and Services to Consider

Brad Egeland

My background is primarily information technology and project management. If full prevention and avoidance is basically out of the question, then we need to focus on risk identification, mitigation and response.

2020 99

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. What is the Value at Risk for your Project?