We easily live in one of the most exciting eras ever. The rapid pace of technological development we have experienced has went beyond anything that used to be possible. If you go back a century, the pace completely changes. Think about it – there would be a new notable technology maybe once a decade. The reason progress was so slow is simple – everything had to be done manually. All the calculations had to be done by hand, all the products had to be made either by hand or measured by hand to ens
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Project portfolio management is not a new phenomenon. We all do it as technology executives, and we're likely to be good at it based on traditional norms. The environment of project management has been constantly evolving. Given how market fluctuations control people, processes, and projects, the introduction of a new strategy for project execution is equivalent to stabbing uncertainty.
The term: Project portfolio management
Project portfolio management is the art and science of making investment
In today’s hyper-connected digital age, it’s not unusual for medium to large-sized companies to have hundreds, or even thousands, of third-party suppliers.
This can range from product suppliers, to billing processors, to cloud providers, and a variety of different services.
This large volume of suppliers can pose a challenge for Chief Security Information Officers (CISO) to properly manage risk, especially when personal or confidential data is shared.
A Risky Misconception – Understanding Supplier
Not so long ago, the idea of outsourcing critical business functions or IT systems to a third party supplier would have been off limits for many organisations because of the level of risk involved. However today, the use of third party suppliers has increased exponentially, with many organisations outsourcing even core functions of their business. Why? Outsourcing can be financially attractive, efficient and provide competitive advantage.
In delegating key processes to third parties, organisatio
Going into 2020, businesses are expected to continue the transition from on-premise to cloud. Many are increasingly adopting a cloud-first strategy, where if possible, they will run their services on a cloud platform vs keeping them in a data center.
And why not? The benefits of moving to the cloud are enormous and the list is long. They range from – but are not limited to – reduced overheads, improved scalability without the capex costs, and improved efficiencies. The big one that hangs over
Every firm will eventually reach the point when it has to professionalize the way it operates. This is done by instituting more rigorous 
processes, establishing clear governance, and recruiting skills from outside. Family Business is no different.
In the Family Business Survey, 43% of the companies believe that the need to professionalize the business is a key priority over the next 5 years. But the family firm has another dimension which other companies have to tackle: the family itself.
The issu
As Western companies are being put under increasing pressure to cut expenses and improve return on assets, the dilemma of whether 
to keep key functions in-house or outsource them has taken center stage.
Manufacturing units are being identified with Make-or-Buy Decisions as third-party suppliers in Eastern Europe, China, and other low-cost regions hold out a promise of significant advantage that companies in developed countries can’t offer.
The Make-or-Buy Decision extends beyond manufacturing. It
There is an app for everything these days. People used to joke about how there’s an app for everything except for falling in love, but you can’t even say that anymore. Risk management, like everything else in our lives, has similarly been completely transformed by technology. What used to be a simple process that was done through noting down some information on some papers is now a complex and sophisticated process.
While we may have lost the simplicity of it all, we have gained much more. What
Mark Bouris of Yellow Brick Road Wealth Management and ex Wizard Home Loans, a renowned market disrupter, gave a speech at the Risk Management Institute of Australasia (RMIA) National Conference in Melbourne last week. He made an appeal to the audience of risk management professionals.
Before the appeal, he gave a lesson on how financial markets work with respect to home mortgages. Then he explained how he disrupted the home loan market with Wizard Home Loans in the late 1990s and 2000s through s
Columbia University has awarded me a Dean's Grant to assess advancements in ERM practice and Risk Governance. This survey is designed to evaluate current and planned advanced practice in ERM Risk Governance. The results from this survey will be used to improve instructional design for ERM students and to provide guidance to students about the skills and competencies needed to prepare for a career in risk management.
Your participation will help advance our instruction and provide participants in
Managing regulatory change has long been a headache for businesses in heavily regulated industries. Managing this change requires quite an investment. The business must hire regulatory experts who can interpret the regulations and tell the business how it will need to change itself to comply with the changes. The problem is that this process can be rather slow and is error prone because it is being handled manually.
The Profound Nature of Regulatory Change
Before we get into the perils of regu
Enterprise risk management isn’t something a lot of us think about. It isn’t really a glamorized job role or department, which is why most people do not know how essential it is for businesses. If a risk management department does its job well the business operates smoothly, without facing any bumps. However, if a risk management department fails to do its job it has severe consequences for the business and can even result in the business shutting down. This means that most people only hear abou
Technology is rapidly evolving. As companies adapt to the evolving landscape, they look to third-party vendors to carry out various processes and procedures. When evaluating software vendors in risk management, what should organizations take into consideration? Often, companies look to industry analysts and reports, such as the Gartner Magic Quadrant, for answers. This report uses just two dimensions to represent a vendor’s position in the market: 1) Ability to Execute and 2) Completeness of Vi
The Internal Institute of Auditors (IIA) and ISACA held their 2019 Governance, Risk, and Control Conference from August 12th to 14th in Fort Lauderdale. This year I was honored to be selected to speak on the effects of data privacy risks in the See-Through Economy in my presentation, “Prepare for a Data Governance Revolution with a Risk-Based Approach.”
Value-Based Management (VBM) has been regarded traditionally as a tool to help investors evaluate firms, optimize performance management, and maximize shareholder value.
However, there are mixed opinions on whether to utilize VBM as a mandatory investment or management tool. Many investors, analysts, and executives, to this day, are skeptical of the influence and role of VBM in confronting the dot-com bubble or other financial downturns. They are even cynical of the efficacy of VBM as a robust
Changing the behaviors of people is the foremost issue with every transformation initiative.
Nudge theory is a novel Change Management model that underscores the importance of understanding the way people think, act, and decide. The model assists in encouraging human imagination and decision making, and transforming negative behaviors and influences on people. The approach helps understand and change human behavior, by analyzing, improving, designing, and offering free choices for people, so that
Transforming a product-driven firm to a customer-driven enterprise is inevitable in order to stay ahead in today’s extremely competitive markets. The days of mass marketing, mass media communications, and little-to-none direct interface with customers are long gone. The emphasis, now, should be on maximizing customer relationships and becoming customer-driven organizations rather than merely selling products. The technological advancements of this age offer potent tools for organizations to util
Content Services is an emerging method to logically and efficiently capture the information, which is further delivered to the right department or the process of using digital channels (typically through the cloud). Content Services is based in the cloud, therefore, it ensures that the businesses are addressing the changing the compliance requirements along with remaining cost-effective and scalable. Content services are a set of services and micro services that are personified either as a combi
The Risk Management Society (RIMS) held their annual 2019 Risk Management Conference from April 7 to 10 in Boston. This year I was honored to be selected to speak on the effects of the See-Through Economy, “How to Mitigate Reputational Risk.”
The Risk Management Society holds one of the largest risk events of the year. Its purpose is to provide anyone tasked with risk responsibility, or who provides services to risk professionals, the skills and tools necessary to effectively integrate risk mana
All about Network Management Systems
Network Management System (NMS) are an application or set of applications which allows network engineers to manage the independent components of the network within a broader network management framework. A network device (wireless as well as wired) is identified, configured, monitored, updated and troubleshooting in a company's network. A system control application shows the performance data from each network component, which can be changed as needed by netwo
