Calculating Risk In IT Migration Projects
Enterprise Times, April 18th, 2023
Nick Denning, CEO of IT consultancy Diegesis, is a veteran of multiple transformation projects. Here he shares his thoughts on calculating the risks of replacing tried and tested technology in IT migration projects.
Where to start in identifying risks?
Any business activity has risk associated with it. We assess risk by considering the probability that a particular thing will happen and the impact if it does. The issue is then to calculate the appetite for risk. Despite the potential for things to go wrong, an organisation with corporate knowledge embedded in proven business practices and delivered by trained and well-managed people, knows how to deliver work involving significant risk with the confidence of a successful outcome.