Oct 08, 2014
From the Advisory Institute
Many organizations are better at developing and acquiring applications than they are at retiring them. As a result, they end up managing a large, expensive to maintain portfolio of legacy applications.
Risks and costs tend to be higher when CIOs and IT management must deal with end-of-life cycle challenges such as interoperability and integration issues, limited functionality, lower-than-expected service levels, extended support contracts, increasingly expensive maintenance, and lack of skills and support from vendors.
Completing a risk assessment of critical applications allows companies to plan both short and long-term actions to understand and mitigate legitimate technology risks in the overall application portfolio.
Get insight in this article into:
- the technology-risk life cycle
- how to adopt a risk perspective on technology management
- three steps to develop a unified view of technology risk.