Our Blog: Stuff we think you should know

Tip of the Week: How to Use PEARS to Mitigate Your Organization’s IT Risks

Tip of the Week: How to Use PEARS to Mitigate Your Organization’s IT Risks

Implementing technology solutions for your organization always comes with a risk, and if your business is blindsided by it, risk can derail productivity and get in the way of success. As a business owner, understanding this risk and planning for it is critical to your organization’s continued success. This week’s tip is dedicated to helping you identify risk and the role it should play in your decision making.

Understanding IT Risks
Risk balance is critical for any business, as it gives you chances to proactively prepare for issues that could pop up. Understanding these risks can help to keep risks from impacting operations in the future. If you think about the problems that could result from implementing a solution, then perhaps you can make a more educated decision about whether you actually want to implement it.

How to Successfully Manage IT Risks
There are various steps involved in managing IT risks. They follow the acronym PEARS: Predict, Evaluate, Arrange, React, and Scrutinize.

  • Predict: You need to see a risk coming if you want to prepare for it. Take a moment to think about the risks that seem most probable and when they might show up.
  • Evaluate: After determining the risks that are most probable, take some time to estimate the impact it could have on operations. Are they major, or are they minor?
  • Arrange: Be sure to order the risks in order of severity and priority so you can address the important ones first. This will give you a strategy to approach them.
  • React: You now have an idea of what your risks are, but you need a plan to address them. Here are some steps to take toward this end:
    • Avoidance: Avoiding risks isn’t the best way to approach them. You instead need to have other ways of actively preventing risky situations, as well as diffusing them.
    • Reduction: This particular way of managing risk focuses on making decisions in which the risk is more easily managed and less impactful.
    • Transference: If you have the opportunity to shift responsibility for the risk elsewhere, it might be worth looking into. This might be a department within your organization or outsourced to a solutions provider that would be dedicated to handling it.
    • Acceptance: This strategy in particular means that you can’t get around the risk, but instead have to provide oversight to mitigate the risks so they can be better handled when they inevitably become a problem.
  • Scrutinize: After the risk has passed, you need to evaluate how well the preparations handled the risk. Take note and make adjustments to better handle risk in the future.

Haber Group can help you better manage risk associated with your IT infrastructure. To learn more, reach out to us at 866.625.3560.

How Employment Levels are Balancing Out
An Introduction to the Gig Economy
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Monday, June 17 2019

Captcha Image

Mobile? Grab this Article!

Qr Code

Tag Cloud

Tip of the Week Security Best Practices Technology Cloud Privacy Business Email Hackers User Tips Malware Computer Business Computing Microsoft Productivity Network Security Google Hosted Solutions Internet Software Tech Term Data Mobile Devices Efficiency IT Services Backup Ransomware Communication Small Business Workplace Tips Hardware Windows 10 Smartphone Microsoft Office Cloud Computing Saving Money Data Recovery IT Support Android Productivity Facebook Upgrade Managed IT Services Social Media Browser Gmail Business Continuity Data Management Server Mobile Device Users Windows Data Backup Phishing Word Innovation Office 365 Information Managed IT Services Internet of Things Windows 10 App Passwords Smartphones Disaster Recovery Outsourced IT Managed Service Provider VoIP Artificial Intelligence Encryption Vulnerability Network Cybersecurity Chrome Employer-Employee Relationship Business Management communications Miscellaneous Remote Monitoring IT Support Gadgets Spam Website Virtual Reality Money Office Tips Tip of the week Apps Hacker Managed Service Content Filtering Government Save Money Big Data Infrastructure Apple BYOD Applications Analytics IT Management Display Virtualization Maintenance Augmented Reality Robot Customer Service Paperless Office Tablet Printing Automation Antivirus Employee-Employer Relationship Settings Two-factor Authentication Unified Threat Management VPN Bandwidth Firewall Access Control YouTube Router Education WiFi Risk Management Avoiding Downtime Data storage The Internet of Things Wireless Administration Wireless Technology Mobile Device Management Telephone Systems Customer Relationship Management Recovery Outlook Wi-Fi Quick Tips Monitors Laptop Scam Business Intelligence SaaS Solid State Drive Operating System Safety Company Culture Networking End of Support Downtime Bring Your Own Device Computing Hard Disk Drive Google Drive Hosted Solution Holiday Password Hacking Mouse Vendor Management Data Security HIPAA Data loss Business Technology Chromebook Development LiFi Virtual Private Network Search Presentation Computers Server Management Storage IBM Mobile Security Document Management Touchscreen Retail Office Wires Software as a Service Disaster Shortcut Legal Online IoT Computer Care Digital Signage Unified Threat Management Running Cable Application Downloads IT Technicians File Sharing Statistics Drones Virtual Desktop Break Fix Cookies Samsung Monitoring Hard Disk Drives Spyware Alt Codes Superfish Dark Data Cooperation Solar Print Toner Black Friday Regulations Messaging Address Hotspot Professional Services Websites Identity Theft Work Content Going Green Social Engineering Buisness Voice over Internet Protocol Entertainment Uninterrupted Power Supply Patch Management IT solutions Microsoft Excel Star Wars Training Desktop Social User Error Lithium-ion battery Multi-Factor Security Mirgation Shortcuts Bluetooth Dark Web Nanotechnology G Suite Spying Solid State Drives Typing Staff Automobile Hard Drives Cyber Monday Social Networking Analysis Employee-Employer Relationships Corporate Profile Deep Learning Humor Language USB Optimization Streaming 5G FinTech iOS Cortana Blockchain Cost Management Troubleshooting VoIP Hacks Halloween Google Calendar Chatbots Security Cameras Budget Fun Net Neutrality Screen Reader National Security How To Cryptocurrency Printer Wearable Technology Refrigeration Smart Technology Motherboard Remote Computing Students WannaCry sip User Computing Infrastructure Dongle Recycling Human Error IT service Heating/Cooling How To Identity Update MSP Scalability Public Speaking Permissions Assessment Time Management Scary Stories Legislation Managing Stress Managed Services Cabling Competition FCC Smart Tech PowerPoint Firefox Bitcoin Network Congestion IP Address Cybercrime Distributed Denial of Service Mixed Reality Best Practice telephony Alerts Service Level Agreement Digital Payment eWaste Device BDR Servers Information Technology Comparison Migration Google Docs Knowledge Fraud Internet Exlporer Politics LED Network Management Writing Sports Cables Laptops Managed IT Title II Connectivity Onboarding Windows 8 Techology Mobile Office SharePoint Collaboration Google Wallet Undo Managed IT Service Modem Slack Data Breach Digital Business Growth Lenovo Licensing Private Cloud Continuity Mobility Google Maps Specifications Compliance Charging Mail Merge Experience Unified Communications Value Tech Support Smart Office Co-Managed IT Current Events Marketing Work/Life Balance Electronic Medical Records 3D Printing Error Black Market Point of Sale Regulation Travel Law Enforcement Unsupported Software Notifications CrashOverride Twitter Botnet Supercomputer Motion Sickness Domains Gadget Staffing Mobile Data Crowdsourcing Taxes Personal Information Administrator Web Server Emergency Machine Learning IT Budget GPS Printers IT Consultant Updates Computer Repair Processors Cameras Relocation Meetings Tracking Mobile Computing Physical Security Cleaning Health Upgrades Alert CCTV Emoji Webcam Windows 7