understanding and mitigating it risk
DESCRIPTION
Only 32% of IT projects are successful. This low success rate is a by-product of the main factor that impacts IT performance: risk. Of all the investments that your enterprise will make, the investments in IT are among the most risky. Why is this? What can you do about it? IT is a unique functional area with discrete characteristics. We have identified the Five Roots of IT Risk: five characteristics of IT that create uncertainty. These five Roots combine to create a multitude of IT risks that can impact the company. Understanding these Roots allows you to more easily identify risks, the first step in risk management.TRANSCRIPT
Understanding and Mitigating IT
Risk
Fortress Technology Planners- Jonathan Nituch -
- Joseph Gillis -
Agenda
1. Five Roots of IT Risk2. Mitigating Risk
through a Technology Plan
Source: http://emphasysbrokeroffice.com/files/2013/04/Standish-Group-CHAOS-Summary-2009.pdf
Failed Troubled Succeeded0%5%
10%15%20%25%30%35%40%45%
IT Project Results
HIGHLYUNCERTAIN
isIT
Rate of Change
Source: http://download.intel.com/pressroom/images/events/moores_law_40th/Microprocessor_Chart.jpg
Immaturity of IT
Communication
ITProfessional
BusinessProfessional
Economically Tied
Source: http://www.nasdaq.com/symbol/ndxt/stock-chart?intraday=off&timeframe=7y&splits=off&earnings=off&movingaverage=None&lowerstudy=volume&comparison=off&index=&drilldown=off
Technology
Accounting
Operations
Sales
Marketing
Human Resources
Supply Chain
Technology
Technology
Accounting
Operations
Sales
Marketing
Human Resources
Supply Chain
Operations
What is a Technology Planning
A plan that aligns your technology decisions with your business needs.
How to Create a Technology Plan
1. Where you are going?2. Where are you today?3. What do you have?4. What do you need? When?5. Which technologies will fit?
How to Create a Technology Plan:Where are you going?
• What is your vision and mission?• What is your business model?• Who are your customers?• Was is the vision for your team?• What business approach are you
taking to these issues?
How to Create a Technology Plan:Where are you today?
• SWOT Analysis• What business challenges are you
facing?• What business opportunities are
there for you?• How do your business processes
work?
How to Create a Technology Plan:What do you have?
• What solutions are in place?– Hardware– Software and licensing– Services– Vendors
• Are the current solutions meeting your needs?
How to Create a Technology Plan:What do you need?
• Phrase this as requirements, not solutions.
• What do you need, not how will you get it.
How to Create a Technology Plan:Which technologies will fit?
• Now you know what you are looking for, because your needs are defined.
Benefits of Technology Planning
1. A structured approach.2. Reduce risk at each point by
considering the relevant roots.3. Separate strategy from
execution.4. Platform for IT risk
management.
Summary
1. There are five roots of IT risk:– Rate of Change– Immaturity of IT– Communication– Economically Tied– Integration
2. Mitigate these risks by creating a technology plan.
