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. In Review – IT Risk Management Strategies and Best Practices. Information technology offers unique scenarios, and therefore, unique risks.

What is Strategy?

Herding Cats

Strategy is a much overused, misused, and abused word. It's tossed around by those who are unfamiliar with Strategy Making roles in businesses. . Strategy is creating fit among a company's activities. The success of a strategy depends on doing many things well - not just a few. If there is no fit among the activities, there is no distinctive strategy and little to sustain the strategic deployment process. The Framework for IT Strategy . Strategy

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A Compendium of Works to Increase the Probability of Project Success

Herding Cats

Deliverables Based Planning: Providing Actional Information to the Program Manager , 11th Annual Rocky Mountain Project Management Symposium, 2009. Handling Risk on High Technology Programs. Applying Risk Radar to High-Risk Technology Projects. Strategy.

2008 59

How to Build and Use a Risk Register

Project Risk Coach

The Risk Register is simply a list of risk-related information including but not limited to: Risk Description. Risk Response Strategies. Strategies for threats include: accept the risk, avoid the risk, mitigate the risk, or transfer the risk.

Risk 362

Compendium of Works to Increase Probability of Project Success

Herding Cats

Strategy (#Strategy). Six Business System Rule - defines the assessment of the integrated business systems for Federal procurement and their integrity in providing information to the Government contracting office. . Success starts with a Strategy for the project.

2003 45

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. IT managers and system administrators know technology like the back of their hand.

How to Facilitate the Resolution of Conflicting Ideas

Project Risk Coach

The program team has been working on an organizational strategy, where the mission is translated into a strategic plan that is subdivided into projects. Defining the strategy. Identifying the initiatives to support the strategy.

2016 232

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. Make sure information is visible to capture early in the process. Paces with Technology. Proactive Strategy.

2019 257

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.

Six Sigma: A Simple Guide for Project Managers

But it was when Jack Welch made it central to his business strategy at General Motors, about 10 years later, that it became popular in the broader business world. For one, it doesn’t incorporate information technology.

2018 426

How Gap Analysis Can Improve Your Project Management

There are various perspectives that can analyzed, from business direction to business processes, from information technology to product management. Factors that impact performance include resource planning , capital investment, technology, etc. Plan all you want.

2019 368

How to Handle Digital Transformation Pain Points

Epicflow Blog

strategies. A digital transformation strategy takes two to five years to bring considerable results ; digital factories are strategic investments, and one shouldn’t expect a quick payback. Information goes from development all the way down to interactions with the end customer.

2019 98

G2 Crowd's Top 20 Project Management Software Solutions


To make your selection easier, we’ve provided you with some high-level information about the top 20 project management tools, including the types of companies and the industries they are best suited for, as well as pricing options. It combines best practices and technology to help services organizations improve operational execution, become more agile as a business, and drive improved financial performance.

2018 74

Using Portfolio-Driven Performance to Improve Project Delivery


We are living in an era of relentless change, and nothing escapes unscathed, not the economy, technology, politics, markets—nothing. Most organizations have strategies, or a strategic plan of some sort. Information Technology is a crucial part of facilitating this integration.

2019 83

Integrated Change Control


Let’s look at each area: Change Management : Within information technology (IT) systems and quality managing systems (QMS) is a strategy and process used to insure that changes to a product or service are introduced in a controlled and contained way.

Governance and Estimating

Herding Cats

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. Information & Technology Balance Sheet - Balanced Scorecard, Zachman .

ITIL for Project Managers – Should you?

Online PM Courses

And one of those services is Information Technology: IT. IT service management is performed by IT service providers through an appropriate mix of people, process and information technology.” These are: Strategy development and Requirements gathering.

2018 101

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

Review: An executive’s guide to disciplined agile

Henny Portman

Disciplined Agile (DA) provides light-weight guidance to help organizations streamline their Information Technology (IT) and business processes in a context-sensitive manner. DAIT addresses how to apply agile and lean strategies to all aspects of IT.

Without a Root Cause Analysis, No Suggested Fix Can Be Effective

Herding Cats

Information Technology Estimating Quality. In a recent Blog post titled Precision it is suggested Precision (or the implication thereof) is perhaps the root problem of most, if not all dysfunction related to estimation. . Yes, projects have uncertainty. Everything has uncertainty.

2016 74

Why Use Project Management Software for IT Teams?

ProProfs Project Management

But, with the right strategy and project management software, it definitely raises the bar. So, it is essential to get the right information technology project management software for IT teams onboard to manage project changes effortlessly. #6.

The Ultimate Guide to Creative Project Management

ProProfs Project Management

Initially, project management was meant mainly for construction, finance, and information technology (IT) sectors. Furthermore, the introduction of cutting-edge technologies from time to time upsets conventional workflows of creative projects.

2020 64

State of the Industry: The Critical Role of Resource Utilization


This emerging industry standard increased a remarkable 16 percent in professional/consulting services (PS/CS) and 7 percent in enterprise/information technology (E/IT) in the last year. Those that implemented such strategies — 62 percent of respondents — saw their organization exceed overall industry utilization averages by nearly double versus those that did not.

2020 60

What is a Project Coordinator?


As a project coordinator, it’s your job to gather all the information needed for the team, and distribute it correctly. Any information or update the team needs should be easily accessible to them throughout the project’s lifecycle.

2018 71

Pulse of the Profession 2018: Success in Disruptive Times by Managing Projects Effectively


PMI’s most recent Pulse of the Profession is about how to succeed in a disruptive world, with challenges being, among others, new technologies (like autonomous vehicles), artificial and data intelligence and big data. Implications for project management in a changing environment can be seen in areas like data collection, reporting, monitoring, and information sharing. New technology. These lead to more deliberate shifts in scope based on informed business decisions.

2018 100

What is Agile Project Management? (and how to implement it)


Agile is most popular in the software industry, but it has found homes in the information technology, engineering, product development, and marketing industries to name a few. Everyone is talking about agile, but are they implementing agile strategies on a daily basis?

2019 65

Commonly Used Project Management Software For 9 Key Use Cases

TrustRadius Project Management

Verified User | Employee in Information Technology | Information Services Company. #3 We share the same schedule with customers to inform them of the status of their project on a weekly basis.

2020 62

Diversifying a City’s Economy by ‘Innovating Out’ From the Core


So, as we analyze what Calgary has built over the past few decades, let’s allow our past successes to inform both our strategy and tactics – so we aren’t building our technology ecosystem from scratch, but rather by leveraging the powerful and deep skills and assets in our energy sector. Building, deploying and managing information technology to support the above. It’s not that other technology sectors won’t thrive.

Biases in Project Management and How to Remove Them

Herding Cats

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. Acosta, and Angel Garcia Crespo, Behavior and Information Technology, 32(11):1?9,

Real Options and Decision Making for ICT Projects

Herding Cats

Instead is providing how Real Options is applied to decision making int he presence of uncertainty for ICT (Information Technology and Communications) here's a reading list. An Investment Criterion Incorporating Real Options ," Hirofumi Suto, James Alleman, and Paul Rappoport, Communications and Strategies , No. There was a classic #Noestimates post this week that said. Estimation locks down choices early through upfront t decision making, #NoEstimates preserves options.

2008 31

What It Takes to be a Project Portfolio Manager


Here is an example of a project portfolio manager job description: The PPM role is responsible for overseeing the planning, development, and implementation of project efforts that utilize information technology solutions, principles, standards, and best practices.

Workplace Chat Is Killing Our Productivity


Sean Jazayeri, the chief information officer of Avanade Inc , calls instant messaging “a godsend.” As demonstrated by an example customer support request from the VP of Product Strategy at Outreach , Andrew Kinzer: Customer: “Hey, are you there?”

2019 63

Workplace Chat Is Killing Our Productivity


Sean Jazayeri, the chief information officer of Avanade Inc , calls instant messaging “a godsend.” As demonstrated by an example customer support request from the VP of Product Strategy at Outreach , Andrew Kinzer: Customer: “Hey, are you there?”

2019 63

The 40 Best Organizational Tools to Enhance Your Work


It uses different organizational strategies like Waterfall and Agile to tackle all of your issues. It is one of the most secure cloud storage services that help you keep all of your confidential business information in one place and be in control of whether those files are shared with someone or not. Information technology. This will let you process your information more in-depth and not waste any good ideas.

2019 97

Risk Management Resources

Herding Cats

Information about key project cost, (technical) performance, and schedule attributes is often uncertain or unknown until late in the program. An Approach to Technology Risk Management,” Ricardo Valerdi and Ron Kohl, Engineering Systems Division Symposium , 2004.

Risk 45

Concept of Operations

Herding Cats

The CONOPS facilitates a shared understanding of ideas, challenges, and issues on the possible solution strategies to the problem at hand , without addressing the technical solution or implementation. Technology considerations - what limitations do we have? The mechanism for users and buyer(s) to express thoughts and concerns on possible solution strategies. In other cases, there may be a variety of acceptable solution strategies.

2014 34

Principles of Project Success

Herding Cats

Plans are strategies. Strategies are Hypotheses. People, money, facilities, technology. Information Technology Estimating Quality. Projects produce products, services, solutions. Projects deliver capabilities that fulfill Missions and Vision, Projects are a vehicle to accomplish and outcome. Every project should have a goal, an objective, and outcome. Projects in various domains have different practices and processes.

2017 37

The Urge to Strangle(The Strangler Pattern)

Leading Agile

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. Legacy: Mixed Java web technologies.

2018 101

How Charles Byrd Gets It Done: Project Management & Networking Tips

Project Management Hacks

Out of college with a BBA in information technology I started on a help desk providing 2nd and 3rd level support for Cadence, a Silicon Valley software company. In this project, I knew the marketing campaigns and education strategies would be key.

2016 58