Category Archives: Technology@Risk® – Howard M. Wiener

#280: WILL THE ARM FALL OFF YOUR SUIT IF YOU PULL THE THREAD?: UNDERSTANDING CORRELATED RISKS – HOWARD WIENER

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In my previous post, I asserted that many companies are not good at managing risks and I’ll stand by that statement.  They’re not good at identifying them, poor at pinpointing dependencies, don’t understand the interactions that create or exacerbate risks and fail to actively quantify and evaluate the effectiveness of their risk management programs.  I believe that a number of disciplines should be applied to help address these issues. Continue reading →

#278 – IN COVID TIME, IS YOUR TUCHIS HANGING OUT? – HOWARD WIENER

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Only when the tide goes out do you discover who’s been swimming naked.”

– Warren Buffett

The current pandemic has wreaked profound dislocation on businesses throughout the world and upended societal norms as we know them.  It may have been an unpredictable, ‘black swan’ event that will not recur anytime soon, though that’s open to discussion, but it’s worth evaluating your risk management practices to see whether you could have done better.   Continue reading →

#234 – THE TRANSITION FROM LEGACY ARCHITECTURES: APPLICATIONS TO SERVICES – HOWARD WIENER

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In the previous post, we examined some of the characteristics of early application systems, through the lens of the tools employed to build and operate them, and the impact of these characteristics on the organizations that used them.  Clearly, limitations of the available technologies imposed constraints of how and how fast companies could adapt and transform to reposition themselves in the markets in which they operated, exploit opportunities and respond to business threats.  Continue reading →

#233 – EVOLVING TECHNOLOGY AND THE NEW RISK/REWARD PICTURE IN INFORMATION SYSTEMS – HOWARD WIENER

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After people and processes, applications are a primary enabler of business capabilities for most organizations of any size.  In the early days of commercial computing, most companies had to develop their own applications and run them on their own computers.  As things evolved, vendors entered the market in a variety of spaces, including: Continue reading →

#230 – EVOLVING TECHNOLOGY AND THE NEW RISK/REWARD PICTURE IN IT – HOWARD WIENER

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I have written in past posts about the need to apply a risk-adjusted approach to managing information and communication technology (ICT).  The focus I have advocated, and continue to, employs a risk/reward model to specify how much discipline, with its attendant time requirements and costs, to employ to inform how companies should manage their governance processes, initiative portfolios and projects. Continue reading →