Risk management is a particularly hot topic in today’s economic climate where trading conditions are difficult enough without adding any additional complications. Risks can be strategic, reputational, operational, financial, technology or compliance-related. The challenge for any Chief Risk Officer (CRO) is to balance risk and reward.

The statistics alone can make for frightening reading since as many as 70% of such projects will fail to deliver their expected results. Overall there is an inability of IT to keep pace with the desired business change without huge corresponding increases in costs. As a result, organisations need to find ways of managing and mitigating their investments in order to drive value and optimise performance with increased certainty of delivering benefits and ROI.

One reason why so many projects do fail is because they fail to make the transition from theoretical strategy to something in the real world that delivers on its promise. Technology strategies need to add on a delivery element to become Technology and Delivery strategies.

This added element will enable organisations to better understand and plan their investments and enable them to base their business decisions on a clear roadmap with a greater assurance that the predicted outcomes will be achieved. This in turn results in a closer alignment between business and IT as the latter becomes an enabler for growth rather than a cost centre.

In today’s economic climate it’s more important than ever before for organisations to ensure that they are making the most effective and efficient use of their technology investments and removing as much of the risk associated with those investments as possible. Capgemini’s experts can assist organisations to achieve this goal.

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