Posted on November 20th, 2012, 23:03
There is nothing more hindering to an organizationís or a businesses growth than an unwarranted risk. It not only upsets the organizationís expansion plans and profit but also results in loss of man hours and productivity. Sometimes, it lessens the confidence with which a company used to predict its forthcoming feats and ventures. Keeping all this in mind it is essential to resort to innovative risk management frameworks.
Significance of risk management frameworks
Risk management is the way by which an organization strikes a balance between threat and opportunity. The idea is to pursue a beneficial opportunity minimizing the related dangers. For being able to manage the risk it is essential to have a clear picture of the risk and evaluate the percentage of risk that your business has faced. Risk assessment is generally attained by a qualitative analysis. This is because it is complex to quantify an asset beyond its intrinsic worth. There are times when a qualitative analysis has been found to be too subjective in nature. In order to reduce this subjectivity in evaluation and enhance consistency organizations need to invest in risk management frameworks.
The modern day risk management concerns
Today organizations need to address multiple risk management issues such as the growth of huge data centers and application maintenance outsourcing wherein the issue of managing unrestricted admin access has come up. In these environments administrator groups need to maintain and manage a huge number of systems and network devices using privileged IDís. These are highly powerful and the person having access to it can alter the target such as install new systems, remove logs, re configure and so on. Hence, in order to address this risk organizations need an efficient privileged identity management solutions.
Another pertinent risk concern in the software domain is that of open source security. Today software development environment using open source is prevalent. This is because development teams benefit from reuse of code from various sources. Therefore, there is a need to detect and manage the security and legal risks of third party content in secure software development.
Industry Solutions for Risk Management Frameworks
Leading companies have come up with efficient risk management frameworks that address the risk concerns by offering their service in the following areas:
The service providers can assess the consumers risk management strategy, process, policy and compliance requirements. They analyze aspects such as risk identification, rating mechanism and other operational processes involved with it i.e. who sanctions risk decisions, who performs risk management and the like. Depending on this assessment service providers come up with a holistic risk management framework that addresses all these concerns.
The service providers help their customers to implement risk management framework by designing their risk management templates, personalizing the rating and ranking the mechanism to address multiple assets.
Thus, eminent companies in risk management help you to set up a complete risk assessment and treatment frameworks that assists all processes, vendors, information, information technology assets and so on. These companies with their modular but holistic approach helps users to design, transforms as well as sustain risk management.
Read more on - mobile security
Posted on November 20th, 2012, 1:31
In todayīs complex technology landscape, there is no scarcity of available frameworks. While it can be an arduous task to choose from the varying alternatives, there are an increasing number of companies who are leveraging a global model for software R&D services. With distributed agile development it is possible to tap into new global markets and obtain access to global talent while potentially reducing costs. However, many of these distributed teams often face unique challenges like team members not being on the same page with respect to work item priorities, lack of real-time collaboration, lack of visibility for the whole project, general misalignment, to name a few.|
It is necessary to address these challenges through an efficient and integrated suite of industry-leading application Lifecycle management tools. To ensure smooth operations and efficient performances, enterprises need agility to be capable of addressing the risks and concerns effectively. Having the ability to respond efficiently to changing requirements, the agile methodology provides enormous benefits to the enterprise.
The key to succeed in a distributed environment is to understand the impact of application development in globally dispersed organizations. It is therefore necessary to look for a solution that can enable collaboration by utilizing reports and dashboards that provide real-time visibility throughout the development process. The solution that you choose must provide end-to-end traceability between work items, starting from business requirements and extending all the way to final test execution results and release decision support. This visibility helps distributed teams identify bottlenecks early and accelerate product development.
Your solution must emphasize on the incremental development, to ensure quick adaptation to changing requirements while maintaining product quality and successfully meeting launch deadlines. Teams work in short, time-boxed cycles that result in a fully tested, potentially shippable product each time. This approach enables clients to present a working demo to their customers and gather valuable feedback that will fine-tune the software product development process. With the right insights and strategies, efficiencies can be maximized in a distributed environment. Your solution must help choose and integrate the technology that best meets their needs, and standardize usage by creating utilities that enable developers to utilize a framework in the same manner across multiple products.
Distributed agile teams may not be able to rely on sticky notes, task boards, or charts on a wall for project tracking. They require a robust system for sharing these items and metrics across multiple locations. Choose a tool with good performance across geographically distributed environments that can make distributed teams more effective and efficient.
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