
328 Operational Risk Control
companies already have in place mechanisms that allow them to re-engineer their cost
structure, and revamp their information technology, to take advantage of more
efficient solutions. There may also well be another 15–20% that understands the need
to do so, rethinking their processes.
15.6 Putting into action a costing and pricing mechanism for
operational risk control
In this section, I take software development projects as a proxy for operational risk
control projects, because that is where significant experience exists today. What is
being written about cases of cost control with software projects is widely applicable ...