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Insight
Executive Report
Corporate Software Risk Reduction in a Fortune 500 Company
Abstract
After several major software failures, the chairman of a Fortune 500 manufacturing company decided to embark on a corporate-wide software risk-reduction program.
Executive Summary
Corporate Software Risk Reduction in a Fortune 500 Company
The chairman of a large manufacturing conglomerate, a Fortune 500 company, was troubled by several major software failures of projects terminated before completion. He was also concerned with the dissatisfaction expressed by customers in the quality of the software the corporation produced and by the inability of software executives to explain why the problems occurred and what might be done to eliminate them.
The late management theorist Peter Drucker once said that everyone in an organization has to ask him or herself, "What information do I need to do my job? How am I going to get it, and from whom? And how do I know that it is true?" Furthermore, each person must also ask, "What information am I responsible for?
Advisor
Leadership and Risk Management
The corporate world is littered with the carcasses of enterprises, large and small, wounded -- some mortally -- by failures of the "Siamese twins" of leadership and risk management. Why are these two concepts referred to as "Siamese twins"? Because neither can function without the other.