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Reducing Operational Risk of IT Service in Finance
An overview for CIOs of the provision and management of IT services at a level that addresses the risk management issues raised by the Basel Committee's New

risk probability  modes are prioritized using risk priority number (RPN) - a multiplication of severity, probability of occurrence, and detectability. FMEA is conducted, at least initially, on critical to quality (CTQ) business processes: those that have the greatest impact on the end-user customer. To achieve IT/business alignment and to provide a proper context for prioritorization, each failure mode is cross referenced against the business processes affected. The consequences of risk (or exposure) are defined as the cos Read More...
Discrete Manufacturing (ERP)
The simplified definition of enterprise resource planning (ERP) software is a set of applications that automate finance and human resources departments and help manufacturers handle jobs such as or...
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Documents related to » risk probability


Thriving and Surviving in a Turbulent World Part Two: Planning and Its Results
This article outlines the planning and results of an adaptive management process for manufacturing executives, who employ demand and supply chain planning

risk probability  is the product starving risk within the next month: the probability that we will have to stop shipping a product within the next month due to combined aspects such as materials shortage, or lack of production capacity. Another risk is knowledge attrition due to employee layoffs. A third risk that can be measured is red ink cash flow, which is the probability that our cash flow will be in such a negative position as to endanger the survival of the company. Our Demand and Supply Chain Planning technology Read More...
Ten Keys for Project Success
Any project represents significant effort in terms of justifying resource allocation and expense. Project failure may not only diminish or eliminate expected

risk probability  on the identification of risk and the reduction in probability and impact of that risk. Begin by brainstorming the business, legal, technical and organizational risks to the project early in the process. Build time into the project plan for this effort. Involve functional experts from the business, legal and technical areas to identify as many potential risks as possible. In addition to identifying the risks themselves, identify triggers that may increase the probability of the risk happening. These Read More...
One Vendor's Dedicated Governance, Risk Management, and Compliance Unit
SAP's governance, risk management, and compliance roadmap is still in its beginning stages. Only time will prove the vendor's delivery of true, tangible

risk probability  financial, internal audit, corporate risk management, etc.) will likely find Cisco's involvement less relevant for their purposes in the short term. On the other hand, when it comes to IT compliance, the partnership is not exclusive, and many other viable alternatives are available for content monitoring and filtering, identity management, security information and event management, preventive controls (such as predictive financial management), and security controls and policy management solutions. Read More...
Supply Chain Management Systems for Service and Replacement Parts: Players, Benefits, and User Recommendations
Improved service management boosts revenue from both service offerings and new product sales, while improved customer service and enhanced offerings increase

risk probability  which depot(s) is another risk based evaluation. Typically, this dictates a multi-tier or multi-echelon depot strategy, where tactical planning involves risk-based decision-making that considers the probability of demand and therefore, the probability of a stockout. To refresh our memory, stockout costs may include lost sales, backorder costs, expediting, and additional manufacturing and purchasing costs (not to mention lost face before the customer and hurting SLA penalties). Thus, the strategy include Read More...
Enhancing Governance, Risk, and Compliance through Effective Risk Management
Embedding governance, risk, and compliance (GRC) management into all business process has become imperative. Companies need to adopt a holistic view when it

risk probability  and Compliance through Effective Risk Management Embedding governance, risk, and compliance (GRC) management into all business process has become imperative. Companies need to adopt a holistic view when it comes to reducing and managing risks, and ensure better access risk management. This paper discusses the need for companies to take a proactive approach towards access risk management. Read More...
Your Next IT Software Selection: Risk, Bottomless Money Pit or Opportunity
Every corporation needs to make decisions about the selection and implementation if new IT solutions on a regular basis. However, an industrial manufacturer or

risk probability  Next IT Software Selection: Risk, Bottomless Money Pit or Opportunity Every corporation needs to make decisions about the selection and implementation if new IT solutions on a regular basis. However, an industrial manufacturer or retailer cannot see this as being one of their core competencies. In most cases such a selection process is seen as a necessary evil rather than a challenge that uncovers new potentials within the company. Only the ones that are able to fully understand and control this process Read More...
Aligning Risk and Finance in Banks: From Theory to Practice
After the financial crisis, banks are changing the way that they look at risk and finance integration, and these types of projects have been prioritized again

risk probability  Risk and Finance in Banks: From Theory to Practice After the financial crisis, banks are changing the way that they look at risk and finance integration, and these types of projects have been prioritized again. However, the path to successful risk and finance integration is not simple, and banks face a number of technology and organizational challenges. To understand these problems better and banks' aims for risk and finance integration, read this report on a survey by Chartis Research that Read More...
Striking a Balance between Governance, Risk, and Compliance
Increasingly complex regulatory requirements in the health care industry have intensified pressures on health systems to assure compliance and operational

risk probability  a Balance between Governance, Risk, and Compliance Increasingly complex regulatory requirements in the health care industry have intensified pressures on health systems to assure compliance and operational governance while maximizing business performance. This study draws on a survey conducted by Healthcare IT News and Healthcare Finance News to share strategies that will improve governance, compliance, and business performance across today’s health care organization. Read More...
Managing Risk in Perilous Times: Practical Steps to Accelerate Recovery
As financial institutions look to the future, there’s bound to be a careful reappraisal of the role and responsibilities of risk management. Were the tools

risk probability  Risk in Perilous Times: Practical Steps to Accelerate Recovery As financial institutions look to the future, there’s bound to be a careful reappraisal of the role and responsibilities of risk management. Were the tools available to risk managers fit for purpose? Was the approach to risk management appropriate? Examine lessons that have been learned from the current financial crisis, and get 10 tips to help you address weaknesses in risk identification, assessment, and management. Read More...
Ascending the Maturity Curve: Effective Management of Enterprise Risk and Compliance
The governance, risk, and compliance (GRC) concept remains as relevant as ever. In addition to the traditional goal of meeting compliance obligations, companies

risk probability  Effective Management of Enterprise Risk and Compliance The governance, risk, and compliance (GRC) concept remains as relevant as ever. In addition to the traditional goal of meeting compliance obligations, companies today see the investment in risk and compliance management as a means of aligning their risk and controls with broader strategic goals, building better relationships with stakeholders, and enhancing overall performance. Read this white paper for survey finding and interviews that suggest Read More...
Protecting Sensitive Information in Life Sciences Organizations: Top Three Misconceptions that Put Companies at Risk
Critical business processes in biotech and pharmaceutical companies involve highly confidential documents that need to be safely accessed by external partners

risk probability  that Put Companies at Risk Critical business processes in biotech and pharmaceutical companies involve highly confidential documents that need to be safely accessed by external partners and potential licensees. Poor security measures, based on a traditional view of data security, have led to high-profile security breaches. Discover new ways for life sciences companies to conduct important business securely without being impeded by IT complexity. Read More...

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