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	<title>Ugh!!'s Greymatter Honeypot &#187; risk</title>
	<atom:link href="http://www.u-g-h.com/tag/risk/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.u-g-h.com</link>
	<description>Distracting the Mind with Information Overload</description>
	<lastBuildDate>Wed, 08 Feb 2012 23:39:10 +0000</lastBuildDate>
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		<title>Insurance Claim In</title>
		<link>http://www.u-g-h.com/2008/02/21/insurance-claim-in/</link>
		<comments>http://www.u-g-h.com/2008/02/21/insurance-claim-in/#comments</comments>
		<pubDate>Thu, 21 Feb 2008 23:42:47 +0000</pubDate>
		<dc:creator>Owen</dc:creator>
				<category><![CDATA[general]]></category>
		<category><![CDATA[injury]]></category>
		<category><![CDATA[insurance]]></category>
		<category><![CDATA[risk]]></category>

		<guid isPermaLink="false">http://www.u-g-h.com/index.php/2008/02/21/insurance-claim-in/</guid>
		<description><![CDATA[Wow! I finally managed to get an insurance claim in which I&#8217;ve been meaning to do for months and months. To be exact it&#8217;s for a luggage that got lost by British Airways for us in January 2007. That&#8217;s 13 months ago; but I finally managed to get all the paperwork in order and send [...]]]></description>
			<content:encoded><![CDATA[<p>Wow! I finally managed to get an insurance claim in which I&#8217;ve been meaning to do for months and months. To be exact it&#8217;s for a luggage that got lost by British Airways for us in January 2007. That&#8217;s 13 months ago; but I finally managed to get all the paperwork in order and send it in. My fault really, I should have been more proactive; but last I spoke to the insurance firm they said I was still in time.</p>
<p>Insurance is one of those funny things. It&#8217;s really all about risk and your attitude towards it. For example, <a  href="http://www.keypointclaims.com/legalservices/">personal injury</a> is something you rarely think about, however when it happens it&#8217;s always nice to have some sort of compensation. Bit it really depends on which end you are really. If you&#8217;re on the paying end, it&#8217;s pretty important to have some sort of indemnity insurance to cover you from this sort of risk.</p>
<p>The question is, are you covered?</p>
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		<title>Competitive Advantage through software</title>
		<link>http://www.u-g-h.com/2007/09/27/competitive-advantage-through-software/</link>
		<comments>http://www.u-g-h.com/2007/09/27/competitive-advantage-through-software/#comments</comments>
		<pubDate>Thu, 27 Sep 2007 13:57:20 +0000</pubDate>
		<dc:creator>Owen</dc:creator>
				<category><![CDATA[business]]></category>
		<category><![CDATA[companies]]></category>
		<category><![CDATA[competitive-advantage]]></category>
		<category><![CDATA[leads-management]]></category>
		<category><![CDATA[risk]]></category>
		<category><![CDATA[software]]></category>

		<guid isPermaLink="false">http://www.u-g-h.com/index.php/2007/09/27/competitive-advantage-through-software/</guid>
		<description><![CDATA[Sometimes, one way to leapfrog your competition is to choose software that outstrips the capabilities of your competitors. This can be relatively easy if you have an in-house development team, but is harder for companies who use off-the-shelf packages. And in these cases, it&#8217;s worth focusing on niche players to see what differentiates them from [...]]]></description>
			<content:encoded><![CDATA[<p>Sometimes, one way to leapfrog your competition is to choose software that outstrips the capabilities of your competitors. This can be relatively easy if you have an in-house development team, but is harder for companies who use off-the-shelf packages. And in these cases, it&#8217;s worth focusing on niche players to see what differentiates them from the competition.</p>
<p>Take <a  href="http://www.aimpromote.com/">lead management</a> for example. <a  href="http://www.aimpromote.com/">AimPromote</a> is a package in this area that is highly focused on the specific need of managing and organising your leads and keeping them on track for your organisation&#8217;s aims. There are a number of <a  href="http://en.wikipedia.org/wiki/CRM">CRM</a> packages out there that have a module that can do this job, however they aren&#8217;t dedicated to the task and this can be seen when you look at AimPromote&#8217;s feature list (which has a comparison against Leads360 and SalesForce.com). You can see that there are a number of features that aren&#8217;t offered by their competitors and this is the advantage their package brings to play. Leads Management is just one aspect of <a  href="http://www.aimpromote.com/">crm</a> and this package is highly focused in this area.</p>
<p>It&#8217;s an interesting idea in that choosing the same package that everyone else uses reduces your exposure to risk, but also reduces your competitive differentiated advantage. This applies not just to <a  href="http://www.aimpromote.com/features/">crm software</a>, but also other software and processes that  your organisation uses. Goes to show how true my Risk Management text is: <a  href="http://en.wikipedia.org/wiki/Risk">Risk</a> is good, as it breeds opportunity!</p>
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		<item>
		<title>Fallacies of Distributed Computing</title>
		<link>http://www.u-g-h.com/2007/08/20/fallacies-of-distributed-computing/</link>
		<comments>http://www.u-g-h.com/2007/08/20/fallacies-of-distributed-computing/#comments</comments>
		<pubDate>Mon, 20 Aug 2007 12:24:15 +0000</pubDate>
		<dc:creator>Owen</dc:creator>
				<category><![CDATA[system architecture]]></category>
		<category><![CDATA[non-linearity]]></category>
		<category><![CDATA[problems]]></category>
		<category><![CDATA[risk]]></category>
		<category><![CDATA[software]]></category>

		<guid isPermaLink="false">http://www.u-g-h.com/index.php/2007/08/20/fallacies-of-distributed-computing/</guid>
		<description><![CDATA[I came across a Wikipedia page on the Fallacies of Distributed Computing. Read these and tell me if they ring any bells: The network is reliable. Latency is zero. Bandwidth is infinite. The network is secure. Topology doesn&#8217;t change. There is one administrator. Transport cost is zero. The network is homogeneous. Great aren&#8217;t they? If [...]]]></description>
			<content:encoded><![CDATA[<p>I came across a Wikipedia page on the <a  href="http://en.wikipedia.org/wiki/Fallacies_of_Distributed_Computing">Fallacies of Distributed Computing</a>. Read these and tell me if they ring any bells:</p>
<ol>
<li>The network is reliable.</li>
<li>Latency is zero.</li>
<li>Bandwidth is infinite.</li>
<li>The network is secure.</li>
<li>Topology doesn&#8217;t change.</li>
<li>There is one administrator.</li>
<li>Transport cost is zero.</li>
<li>The network is homogeneous.</li>
</ol>
<p>Great aren&#8217;t they? If you&#8217;ve worked in IT for any measuable amount of time, you&#8217;re bound to has assumed, or seen someone assume, one of the fallacies above. But they will always come back and haunt you!</p>
<p>Nigel, one of my colleagues, is a firm believer that things were better in the mainframe days. Things were simpler, more controlled and infintely more reliable. His favourite anecdote recounts a speaker at a conference who went up on stage bouncing a basketball. He compared this to a mainframe, easy to control. He then pulls out a bucket of ping pong balls, throws it into the audience and then asks them how then can control that. It think that comparison is a bit harsh, however, it does outline the non-linearity that distributed computing suffers from when it comes to issues of control, manageability and fault control.</p>
<p>Personally, I think it&#8217;s a matter of market/technology granularity. Yes, a mainframe may seem more dependable, but that&#8217;s mainly because you&#8217;re dealing with one supplier who? gets called in when there&#8217;s an issue. The end-user never sees the individual components that make up a system, it&#8217;s a black-box that someone else manages, so yes, it&#8217;s surely going to look like an easier environment. Distributed apps are likely to be running on disperate hardware, across multiple operating systems, supplier and supported by different vendors, all with their own support procedures. And this is where non-linearity steps in. In mathematics, a <strong>nonlinear</strong> system is one whose behavior can&#8217;t be expressed as a sum of the behaviors of its parts (or of their multiples.) (more on <a  href="http://en.wikipedia.org/wiki/Nonlinearity">Wikipedia</a>). The challenge software/system/technical architects? today face is expressing this non-linearity in terms of risk so that the business can understand it. It still is a thorny issue though.</p>
<p>Do you come across these problems in your day job?</p>
<p><a  class="a2a_dd a2a_target addtoany_share_save" href="http://www.addtoany.com/share_save#url=http%3A%2F%2Fwww.u-g-h.com%2F2007%2F08%2F20%2Ffallacies-of-distributed-computing%2F&#038;title=Fallacies%20of%20Distributed%20Computing" id="wpa2a_6"><img src="http://www.u-g-h.com/wp-content/plugins/add-to-any/share_save_171_16.png" width="171" height="16" alt="Share"/></a></p>]]></content:encoded>
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		</item>
		<item>
		<title>Managing Risk in an Unstable World</title>
		<link>http://www.u-g-h.com/2007/01/22/managing-risk-in-an-unstable-world/</link>
		<comments>http://www.u-g-h.com/2007/01/22/managing-risk-in-an-unstable-world/#comments</comments>
		<pubDate>Mon, 22 Jan 2007 22:53:05 +0000</pubDate>
		<dc:creator>Owen</dc:creator>
				<category><![CDATA[business]]></category>
		<category><![CDATA[HBR]]></category>
		<category><![CDATA[political-analysis]]></category>
		<category><![CDATA[risk]]></category>

		<guid isPermaLink="false">http://www.u-g-h.com/?p=62</guid>
		<description><![CDATA[Came across an interesting article from the Harvard Business Review today called Managing Risk in an Unstable World. It talks about how one can analyse relative risks of foreign investments where conventional metrics like GDP per capita or economic growth just don&#8217;t cut it. It recommends assessing political risk as well as economic risk due [...]]]></description>
			<content:encoded><![CDATA[<p>Came across an interesting article from the <a  href="http://harvardbusinessonline.hbsp.harvard.edu/b01/en/hbr/hbr_current_issue.jhtml;jsessionid=EJCU1TXGUEOC2AKRGWCB5VQBKE0YOISW">Harvard Business Review</a> today called <a  href="http://harvardbusinessonline.hbsp.harvard.edu/b01/en/files/misc/Managing_Risk_in_an_Unstable_World_Harvard_site.pdf">Managing Risk in an Unstable World</a>. It talks about how one can analyse relative risks of foreign investments where conventional metrics like GDP per capita or economic growth just don&#8217;t cut it. It recommends assessing political risk as well as economic risk due to the high correlation between the two.</p>
<p>How is political risk assessed? The author recommends a four-dimensional approach around measuring: the strength and stability of government,?  social trends, security within the country and economic factors.<br />
It&#8217;s free so <a  href="http://harvardbusinessonline.hbsp.harvard.edu/b01/en/files/misc/Managing_Risk_in_an_Unstable_World_Harvard_site.pdf">check it out</a></p>
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