
Information technology risk 95
At the top of the list of operational risks which I have found in connection to IT
solutions, I distinguish:
䊏 Risk of falling behind in IT
䊏 Project management risk
䊏 Quality and sophistication of software risk
䊏 Risk of slow applications development
䊏 Vendor failure risk, and
䊏 Risk related to third party outsourcing.
Vendors can fail, but few companies have paid enough attention to protecting
themselves against this eventuality. The usual approach is to put all of one’s eggs in the
same basket, quite often that of the bigger vendors. This is a very limited vision and
it is wrong because big vendors, too, can fail. Look ...