Operational Risk Appetite: Have operational and user support procedures been developed and readied for implementation along with the new increment?

Having effective technology planning can minimize overall operational risk and enhance operational performance in your organization. Operational risk is the risk of financial loss or damage to the reputation of the group arising from breakdowns in processes, inadequate internal controls and procedures, systems and technology, fraud, or deliberate and malicious Read more…

Third Party Risk Management Framework: Who will support the work done by third party vendors?

Software and systems engineering involve many factors that rely on external events and third-party deliverables. Active acceptance may involve contingency plans to be implemented if the risk occurs and allocation of time and cost reserves to the project. Large financial applications are often developed by third party software organizations. Actual Read more…

Network Management: Is network bandwidth greater than the planned maximum throughput for backups?

Growing the capacity in akin types of homogeneous networks – networks that only use traditional macro cells – can be achieved by cell splitting, or by adding carriers to the existing network, multiple vendor sourcing of standards-based products provides proven interoperability. As an example, switches decrease network congestion, increase bandwidth, Read more…

Enterprise Risk Management Program: Where does risk evaluation fit into the risk management process in each of standards?

An effective enterprise risk management program encourages more internal and external stakeholder focus as part of the adoption of a risk-based approach to quality management and emphasizes the importance of adopting a quality management system (QMS) as a strategic decision for your organization. Adopted risk management procedures throughout an ERP Read more…