Analysis of Risk Management Across SegmentsAshwin RazdanCross-border project development and management system, automated production control, resuable assets, and the focus on 'people' is the new mantra for managing risksBand 3 (with annual revenue between 100M-1 B) and Band 4 (with annual revenue of over 1B) companies lay significant focus on the global delivery model. Excellent coordination is maintained between onsite, offsite and offshore delivery locations to produce a low risk, cost effective, predictable project outcome. Over 80% of band 4 companies have made significant investments in multiple areas to mitigate the risks associated with labor and non-labor operations costs. Reuse has been identified as an integral part of the organization strategy to improve productivity. Development of tools, assets, prototypes and references to the single source of 'legacy' information ensures that the project teams continually deliver high quality and consistent services leading to a lower cost of software delivery. Further, 40% of respondants continue to hire fresh talent in great numbers from local universities to keep labor costs low. Only a handful use proprietory tools that accurately identify and mitigate risk as well as determine appropriate contingency dollar estimates. 5% also use key performance indicators that provides comprehensive real-time data and statistical analysis on individual performance. Table: No. of companies having a system to mitigate various risks.
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