As outlined in another blog, architecture-based enterprise portfolio management plays a crucial role in an integrated business transformation approach. Portfolio management is responsible for allocating investments to various asset categories and for creating a healthy project and program portfolio mix that realizes the organizational goals. There should be a balance in, for example, the types […]
Challenges to risk mitigation
The complexity of your organization can be a major obstacle in getting the insights needed to manage operational risk. Financial, reputational and regulatory risks are difficult to evaluate and even more difficult to mitigate. Cyber security, technology lifecycle and the increasing dependence on external services are a constant headache and add more complexity to the picture. So, how can you assess the potential ripple effects of an apparently local problem? How can you, as Chief Risk Officer, prioritize issues or optimally allocate budgets for risk mitigation?
An integrated overview of the business and IT operations
BiZZdesign’s platform provides you with an integrated overview of the business and IT operations of your enterprise that are essential in enterprise risk management. Our advanced analysis algorithms help you assess various vulnerabilities, analyze the resulting risks and design appropriate mitigating measures.
Our portfolio management and road-mapping features help you allocate budgets and plan improvements, putting your resources where they count most. Our reporting and publication functionalities offer crucial insights to everyone involved, including internal and external regulators, auditors and employees in operations who need to adhere to various procedures. This platform helps everyone act swiftly and decisively when problems do occur.
The other day, while I was musing about the reasons why many large organizations see many of their IT initiatives fail or underachieve, I came up with a rather simple conclusion: ‘project thinking’ is the root cause of these disappointments. Let me explain.
“Many stakeholders consider their organization as unique.” Depending on the level of abstraction you take as viewpoint, you can argue this statement is either right or wrong. It is interesting from an enterprise architecture perspective to understand why stakeholders stress this uniqueness and what are the benefits of understanding where the organization really is different […]
A major challenge facing business today is how to harness the creative abilities and business knowledge of its employees to gain strategic advantages over its competitors that in turn result in significant increases in profitable sales and or reduction in business costs.
The Open Group Architecture Framework (TOGAF) is the most popular framework for developing an enterprise architecture (EA). It is an open standard and may be used freely by any organization wishing to develop an enterprise architecture for use within that organization. BiZZdesign believes in an EA approach that is based on open standards and frameworks. […]