Understanding and Mitigating IT Risk
-
Upload
fortresstechplanners -
Category
Business
-
view
237 -
download
0
description
Transcript of Understanding and Mitigating IT Risk
![Page 1: Understanding and Mitigating IT Risk](https://reader037.fdocuments.in/reader037/viewer/2022103111/54c33eec4a795952168b45cf/html5/thumbnails/1.jpg)
Understanding and Mitigating IT
Risk
Fortress Technology Planners- Jonathan Nituch -
- Joseph Gillis -
![Page 2: Understanding and Mitigating IT Risk](https://reader037.fdocuments.in/reader037/viewer/2022103111/54c33eec4a795952168b45cf/html5/thumbnails/2.jpg)
Agenda
1. Five Roots of IT Risk2. Mitigating Risk
through a Technology Plan
![Page 3: Understanding and Mitigating IT Risk](https://reader037.fdocuments.in/reader037/viewer/2022103111/54c33eec4a795952168b45cf/html5/thumbnails/3.jpg)
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
![Page 4: Understanding and Mitigating IT Risk](https://reader037.fdocuments.in/reader037/viewer/2022103111/54c33eec4a795952168b45cf/html5/thumbnails/4.jpg)
HIGHLYUNCERTAIN
isIT
![Page 5: Understanding and Mitigating IT Risk](https://reader037.fdocuments.in/reader037/viewer/2022103111/54c33eec4a795952168b45cf/html5/thumbnails/5.jpg)
Rate of Change
Source: http://download.intel.com/pressroom/images/events/moores_law_40th/Microprocessor_Chart.jpg
![Page 6: Understanding and Mitigating IT Risk](https://reader037.fdocuments.in/reader037/viewer/2022103111/54c33eec4a795952168b45cf/html5/thumbnails/6.jpg)
Immaturity of IT
![Page 7: Understanding and Mitigating IT Risk](https://reader037.fdocuments.in/reader037/viewer/2022103111/54c33eec4a795952168b45cf/html5/thumbnails/7.jpg)
Communication
ITProfessional
BusinessProfessional
![Page 8: Understanding and Mitigating IT Risk](https://reader037.fdocuments.in/reader037/viewer/2022103111/54c33eec4a795952168b45cf/html5/thumbnails/8.jpg)
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
![Page 9: Understanding and Mitigating IT Risk](https://reader037.fdocuments.in/reader037/viewer/2022103111/54c33eec4a795952168b45cf/html5/thumbnails/9.jpg)
Technology
Accounting
Operations
Sales
Marketing
Human Resources
Supply Chain
Technology
![Page 10: Understanding and Mitigating IT Risk](https://reader037.fdocuments.in/reader037/viewer/2022103111/54c33eec4a795952168b45cf/html5/thumbnails/10.jpg)
Technology
Accounting
Operations
Sales
Marketing
Human Resources
Supply Chain
![Page 11: Understanding and Mitigating IT Risk](https://reader037.fdocuments.in/reader037/viewer/2022103111/54c33eec4a795952168b45cf/html5/thumbnails/11.jpg)
Operations
![Page 12: Understanding and Mitigating IT Risk](https://reader037.fdocuments.in/reader037/viewer/2022103111/54c33eec4a795952168b45cf/html5/thumbnails/12.jpg)
What is a Technology Planning
A plan that aligns your technology decisions with your business needs.
![Page 13: Understanding and Mitigating IT Risk](https://reader037.fdocuments.in/reader037/viewer/2022103111/54c33eec4a795952168b45cf/html5/thumbnails/13.jpg)
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?
![Page 14: Understanding and Mitigating IT Risk](https://reader037.fdocuments.in/reader037/viewer/2022103111/54c33eec4a795952168b45cf/html5/thumbnails/14.jpg)
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?
![Page 15: Understanding and Mitigating IT Risk](https://reader037.fdocuments.in/reader037/viewer/2022103111/54c33eec4a795952168b45cf/html5/thumbnails/15.jpg)
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?
![Page 16: Understanding and Mitigating IT Risk](https://reader037.fdocuments.in/reader037/viewer/2022103111/54c33eec4a795952168b45cf/html5/thumbnails/16.jpg)
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?
![Page 17: Understanding and Mitigating IT Risk](https://reader037.fdocuments.in/reader037/viewer/2022103111/54c33eec4a795952168b45cf/html5/thumbnails/17.jpg)
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.
![Page 18: Understanding and Mitigating IT Risk](https://reader037.fdocuments.in/reader037/viewer/2022103111/54c33eec4a795952168b45cf/html5/thumbnails/18.jpg)
How to Create a Technology Plan:Which technologies will fit?
• Now you know what you are looking for, because your needs are defined.
![Page 19: Understanding and Mitigating IT Risk](https://reader037.fdocuments.in/reader037/viewer/2022103111/54c33eec4a795952168b45cf/html5/thumbnails/19.jpg)
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.
![Page 20: Understanding and Mitigating IT Risk](https://reader037.fdocuments.in/reader037/viewer/2022103111/54c33eec4a795952168b45cf/html5/thumbnails/20.jpg)
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.