The Benefits and Risks of Technology Projects FIRMA Risk Management Training Conference

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The Benefits and Risks of Technology
ProjectsFIRMA Risk Management Training
Conference

• Sandra Sherman
• VP, Institutional Services
• Project Management
• April 21, 2011

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Agenda

• Project Management Technology
• Benefits of Technology
• Risks of Technology
• Project Stages/Gates
• Key Risks to Manage

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Project Management Technology

• Why Project Management?
• Create full circle governance
• Develop requirements
• Manage expectations of all stakeholders
• Assess risks at all stages

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Benefits of Technology

• Automated solutions replace manual processes

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Benefits of Technology

• Enforce company rules and policies
• Encourage consistency
• Develop collaboration and information sharing
• Create efficiencies both in dollars and time spent

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Risks of Technology
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Project Stages/Gates

• Idea
• Planning
• Design/Development
• Testing
• Delivery
• Post Implementation Review

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Idea

• Automation Requests
• Automate the process
• Eliminate fax requests
• Make it easier
• New Vendor
• XYZ vendor will make my process better
• Implement new software

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Planning Whats Next?

• Automate the process
• Goals
• Specific across all constraints
• Technical/Scope
• Schedule/Time
• Cost
• Assess Risks

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Design/Development

• Re - Assess Risk

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Testing

• Front to Back testing of all requirements
• Re - Assess Risks

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Delivery

• Re - Assess Risks

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Key Risks Technology Projects

• Achievable Goals
• Risk/Activity Type
• Resources
• Organizational Setting
• Project Participants
• Technology Maturity

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Post Implementation
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Questions?
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