Temi Grafstein Betawatch News Online

Temi Grafstein, Editor
www.betawatch.com

 

Spring, 2003

 

Measure What You Get

The following fact sends chills down my spine. Intuition embedded audits provide a negligible level of assurance that technology investment will hit the moving window. BetaWatch provides peace of mind, lets you sleep at night, knowing that your technology rollout is not driven by intuition.

Our audit process complies with Control Objectives For Information and Related Technology (CoBit), an open standard for technology audit that has been developed and promoted by the IT Governance Institute. Our analysis is predicated on International Organization for Standardization, document ISO 9126 a worldwide documented standard for software-product evaluation and quality characteristics. This comprehensive list of terms enumerates globally accepted protocols that we use to structure our audits. These include functionality, reliability, usability, efficiency maintainability, portability, and security.

Recently BetaWatch was assigned a technology audit. The purchaser of an IP wanted to know exactly what he was buying. This Captain of Technology told me that when he sits across the customer he wants to be sure that the features and benefits he is selling and on which the customer is basing his business case on, are in fact available.

Consequence, Probability, Metric

Mr. David M. Griffith, http://internalaudit.biz, has taught us the merit and method of measuring the two elements of a risk, consequence and probability, as well as assigning a metric to the risk.

After the Statement of Work (SOW) when the assignment process is drawn up in decision-tree format and of course, is agreed upon, BetaWatch provides its clients with a draft consequence probability metric chart. Since technology investors and users have varying degrees of risk tolerance, we collaboratively devise the level of risk for acceptance by our client.

For example, in the software audit mentioned above we initially analyzed the application and the investigative data was set in a grid as mapped below. The client agreed upon the Legend describing the Elements of Risk.

 
Audit Module/Unit  Function/Description 

Metric Legend:
Elements of Risk
 
Consequence:
3 Cannot achieve all, or major part of written functionality
2 User cannot do what they want to do
1 Comments are a problem
0 Works as described
 
Probability:
3 Almost certain
2 Possible
1 Unlikely
0 Acceptable
 
Level of Risk:
3 High
2 Medium
1 Low
0 None

Level of Risk

 

Take the Right Measurements

Have you been involved in a technology investment or rollout and found yourself looking at complexity that required more than intuition to audit?  When purchasing technology, measure what you get.

With dreams of great technology, courageous investors do not need sleepless nights worrying about whether  their intuition is sound. Though the standard four pillars of 'best practice' technology: Architecture & Design, Project Planning & Project Management, Product Support, and the Business Case are seemingly adequate, it is advantageous to conduct an ISO compliant technology audit, designate, and apply the metric according to ones' level of risk.
 


ßetaWatch Inc. digital due diligence

ßetaWatch Inc. President and Senior Consultant Temi Grafstein and her team provide audit services for clients in a wide range of technologies including middleware, virtual private network, customer-relationship management, e-commerce, firewall, knowledge management, transaction switch, point of sale, media convergence, online auction, information warehousing and P2P.

Grafstein developed ßetaWatch's digital due diligence™ to accelerate revenue growth.

* Sanity Check 
* Security Audit
* Competitive Intelligence
* Field Trials
 

Please send comments, questions and suggestions for newsletter topics to:  tgrafstein@betawatch.com

To speak to Grafstein call 1.866.638.2382

 
   

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