Do you know what risks you are accepting at your company? In this episode, we are going to be talking about Managing Technology Risks.

What is Technical Risk?

Technical Risk refers to the potential for performance shortfalls in achieving explicitly established and stated technical requirements. These shortfalls may arise during the evolution of design, production, or system implementation. Here are the key points:

Definition: Technical risk encompasses the uncertainties related to the design, development, and production of a system. It affects the system’s ability to meet stakeholder expectations and technical specifications.

Components of Risk:

• Scenarios: These are situations or events that lead to degraded performance.

• Likelihood: The probability (either qualitative or quantitative) of these scenarios occurring.

• Consequences: The severity of performance degradation if a scenario materializes.

Risk Management Process:

• Identification: Recognize potential technical risks.

• Mitigation: Develop plans to address risks.

• Monitoring: Continuously assess progress and adapt as needed.

IT Team: They play a vital role in risk management by identifying, monitoring, and resolving technical risks.

Tailoring Risk Management: Customize the risk management process to suit your specific program or project while adhering to governing documentation.

Website: https://zachariahcollins.com

Social Media: @ZAKERIACOLLINS

Hey and Welcome to the Bits And Bibles Podcast, I am your host Zachariah Collins. Does running your organization feel like trying to drive a car that needs alignment? Today we are going to discuss Technology Alignment Best Practices for your organization.

You can follow me online!

ZachariahCollins.com

@ZAKERIACOLLINS

Does it really matters to start doing things right when your organization is starting out? I believe so! In today’s episode, we are going to be discussing the importance of getting good processes and habits early in your organization’s life!

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ZachariahCollins.com

Follow me on Social Media @ZakeriaCollins

Welcome to the Bits and Bibles Podcast, I am your Host Zachariah Collins. We all want to avoid sending our accountant to Jail or the Hospital right? Today we are going to discuss some ways to avoid doing that!

Today, I am joined again by my friend Cynthia

Cynthia is the founder and owner of Alpha Omega Accounting, LLC. Cynthia serves both individual and business clients, practicing in general accounting and tax preparation. Her goal is to help business owners have more time to focus on their goals and maximize their profits and minimize their taxes by Lighting their way to Financial Understanding. She holds bachelor’s degrees in both Accounting and Psychology along with an associate degree in Business Administration. She loves to knit, she’s a fan of light houses, reads steampunk novels – actually, she’s an avid reader of many genres, and she likes binge watching cooking shows in her spare time.

Ever wonder if the tech you are using might be the problem you are facing? Today, we are going to discuss finding the right technology for your organization.

Everyone has a list of priorities or requirements for the tools they need to do their job. Those priorities and requirements are what we use to help us decide which tool is the best.

We judge a tool by many things

• Easy of Use

• Easy of Access

• Reliability

• Brand

• Price

• Security Practices

• Stance on Social Issues

Each one of these categories and other ones play into our decision-making process. We see the tools we use as an asset to our organization, helping us to do whatever we are trying to accomplish better or faster.

But what happens when the tool becomes a problem, whether Unreliability, Slow, Dangerous, Unsupported, Out of Budget, Not Secure, or Conflicting Social Stance

You are now faced with the challenge of assessing a new tool to make sure your organization is running as best as possible and not letting it lose revenue or productivity due to using the wrong tool.

Now I want to make sure you are aware that I realized that every organization is different and faces different challenges. But I also want to note that at some point everything goes through changes and you will have to make changes, large or small if your organization is to continue to run efficiently.

Today we have a special Episode. We are going to be talking about Cloud Accounting Software. Now I am not an accountant or an expert on accounting, so I brought in an Expert.

Cynthia Finkenbinder. CPA

Cynthia is the founder and owner of Alpha Omega Accounting, LLC. Cynthia serves both individual and business clients, practicing in general accounting and tax preparation. Her goal is to help business owners have more time to focus on their goals and maximize their profits and minimize their taxes by Lighting their way to Financial Understanding. She holds bachelor’s degrees in both Accounting and Psychology along with an associate degree in Business Administration. She’s the CFO of Starfleet, the International Star Trek Fan Association, where she holds the fictional rank of Commodore, she loves to knit, she’s a fan of light houses, reads steampunk novels – actually, she’s an avid reader of many genres, and she likes binge watching cooking shows in her spare time.

https://alphaomega-acct.biz/our-team/

Is your technology budget setting you up for failure? In this episode we are going to delve into creating a Successful Technology Budget.

In this episode, we will cover the topics of

1. Why is a technology budget so important?
2. Why is a technology budget so difficult?
3. What is the definition of an IT budget?
4. Is Technology an investment?
5. What does a good technology budget look like?

About our guest!

Today I am joined by my friend Matthew Harvey, owner of Stepping Forward Technology, established in 2006. Matthew's entrepreneurial journey faced a pivotal moment during the initial four challenging years, where the business teetered on the brink of failure. However, this period became a catalyst for personal transformation as Matthew discovered a newfound passion for leadership and entrepreneurship. Today, he leads Stepping Forward Technology with a steadfast commitment to helping organizations thrive. Beyond his professional endeavors, Matthew finds joy in his role as a devoted husband and father to two children, providing him with inspiration to continually strive for growth and excellence in both his personal and professional life.

You can follow Matt on Linkedin at

https://www.linkedin.com/in/matthewlharvey/

You can follow Me at

https://www.facebook.com/zakeriacollins

https://www.linkedin.com/in/zakeriacollins/

In this episode, I discuss Strategy Planning and the types of strategic plans that exist out there.

We will discuss how to create a strategic plan along with the following types of strategic plans.

• Standard Planning
• Issue-Based Planning
• Organic Planning
• Real-Time Planning
• Alignment Planning