costs
DESCRIPTION
Managing Risk – IT Project Framework Adapted from “The Evolution of Security” ACM Queue, April 2007. Total Costs. Avoidance Costs. 2. 1. Costs. 4. 3. Failure Costs. Assurance Level. Intolerable. Total Costs. 1. 2. Avoidance Costs. Costs. 4. 3. Failure Costs. Assurance Level. - PowerPoint PPT PresentationTRANSCRIPT
Cost
s
Assurance Level
Failure Costs
Avoidance Costs
Total Costs
12
3 4
Managing Risk – IT Project FrameworkAdapted from “The Evolution of Security” ACM Queue, April 2007
Cost
s
Assurance Level
Failure Costs
Avoidance Costs
Total Costs
12
3 4
1. Capitalize CostsVery Challenging to Deal WithInvest Over TimeHigh Exposure / Failure CostsHigh Costs to Assure
Intolerable
Cost
s
Assurance Level
Failure Costs
Avoidance Costs
Total Costs
12
3 4
2. Bear the RiskDo Little (nothing) / Set ExpectationsNot Worth ItLow Exposure / Failure CostsHigh Costs to Assure
Tolerable
Cost
s
Assurance Level
Failure Costs
Avoidance Costs
Total Costs
12
34
3. Low PriorityDo Something When Time & Budget PermitsLow Exposure / Failure CostsLow Costs to Assure
Tolerable
Cost
s
Assurance Level
Failure Costs
Avoidance Costs
Total Costs
12
3 4
4. Mitigate ASAPHandle SoonHigh Exposure / Failure CostsLow Costs to Assure
Intolerable
Cost
s
Assurance Level
Tolerable Intolerable
Hig
hLo
w
12
3 4
Invest
Over Time?Quickly
Quickly
Cost
s
Assurance Level
Tolerable Intolerable
Hig
hLo
w
12
3 4
IVK
Internal WebFacilities Maintenance
Loan ProcessingCustomer ServiceBack Office / TPSNetwork Consolidation ProjectNew / Competitive SystemsPartner IntegrationWeb Based Client Systems
HR System
PDA e-mailTraining
Cost
s
Assurance Level
Tolerable Intolerable
Hig
hLo
w
12
3 4
Wholesale Distributor
Internal WebFacilities Maintenance
Order ProcessingWarehouse ManagementBack Office / TPS
PurchasingSupplier Management
Training