BNMC Blog

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.

BNMC can help you better manage risk associated with your IT infrastructure. To learn more, reach out to us at 978-482-2020.

 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Saturday, April 20 2019

Captcha Image

Subscribe to Our Blog!

Mobile? Grab this Article!

Qr Code

Tag Cloud

Tip of the Week Security Best Practices Technology Cloud Email Privacy Business Computing Business Malware Hackers User Tips Microsoft Google Network Security Productivity Tech Term Software Computer Hosted Solutions Internet Communication Mobile Devices IT Services Efficiency Data Ransomware Smartphone Small Business IT Support Hardware Innovation Android Workplace Tips Backup Data Recovery Cloud Computing Managed IT Services Saving Money Business Continuity Windows 10 Windows Browser Internet of Things Data Management Users Microsoft Office Managed IT Services Data Backup Vulnerability Outsourced IT Word Passwords Productivity Cybersecurity Server Office 365 Windows 10 Business Management App Remote Monitoring Gmail Artificial Intelligence Disaster Recovery Network Encryption Smartphones Chrome Mobile Device Facebook Phishing Upgrade Social Media communications Save Money Applications IT Support Money VoIP Employer-Employee Relationship Managed Service Provider Managed Service Tip of the week BYOD Infrastructure Analytics Information Website Office Tips Maintenance Access Control Robot Hacker Data storage IT Management Big Data Router Automation Settings Virtual Reality Company Culture Paperless Office Government Employee-Employer Relationship Google Drive Bandwidth Content Filtering Miscellaneous YouTube Antivirus Apple Risk Management Display Printing Networking HIPAA Firewall Vendor Management Laptop Monitors The Internet of Things Document Management Chromebook VPN Mobile Security Data Security Solid State Drive Server Management Wireless Business Technology Touchscreen Spam Computing Business Intelligence End of Support Downtime Virtual Private Network Outlook Quick Tips WiFi Operating System Hard Disk Drive Gadgets Tablet LiFi Hosted Solution Administration SaaS Mouse Holiday Two-factor Authentication Managing Stress Computers Virtualization Avoiding Downtime Data loss Unified Threat Management Scam Education Telephone Systems Development Retail Alert Storage desktop Onboarding Time Management Printer Digital Identity Continuity Customer Service Software as a Service Buisness Break Fix Disaster Business Growth Fraud Cost Management Virtual Desktop Password Smart Office Print Toner Sports Search Black Friday Collaboration Legal Screen Reader Charging Office Samsung Slack Windows 8 Licensing Dongle Tech Support Content Servers Google Calendar Unified Communications Drones Wires Messaging Emergency Digital Signage Network Management Spyware Solar Entertainment Dark Web Uninterrupted Power Supply Assessment Monitoring Computer Care IBM Mobile Device Management Work Shortcuts Cyber Monday File Sharing Deep Learning Smart Tech Social Engineering Cooperation Service Level Agreement Websites Streaming Legislation Voice over Internet Protocol Employee-Employer Relationships Internet Exlporer Troubleshooting Cybercrime SharePoint Identity Theft Compliance iOS Microsoft Excel Alt Codes Hotspot Spying Techology Training Corporate Profile IT Technicians Optimization Security Cameras Marketing Managed IT Smart Technology Bring Your Own Device Connectivity Safety G Suite Social Staff Leominster Human Error Statistics Automobile Budget Modem FinTech Remote Computing Analysis How To Lenovo Language Value Downloads Information Technology Regulations Network Congestion Scalability Mail Merge Blockchain Dell Typing Humor VoIP Unified Threat Management WannaCry Current Events Mirgation Recycling Managed Services Shortcut Distributed Denial of Service Cabling Best Practice IoT Superfish Augmented Reality K-12 Schools Wi-Fi Device Halloween Bluetooth Comparison Google Maps Cookies MSP Writing Firefox Cryptocurrency Computing Infrastructure Professional Services LED Apps Social Networking Migration Address Permissions PowerPoint User Error IT solutions Going Green Chatbots eWaste Dark Data Update Laptops Patch Management Managed IT Service Google Docs Star Wars Customer Relationship Management Hacks Wearable Technology Network upgrade Mobility Scary Stories Specifications Nanotechnology Bitcoin Alerts USB Politics Co-Managed IT Running Cable Heating/Cooling Multi-Factor Security Digital Payment Google Wallet Motherboard Cables How To Work/Life Balance Tracking Recovery Meetings Cleaning Health Private Cloud BDR Black Market CCTV Law Enforcement Webcam Electronic Medical Records Regulation Notifications Physical Security Error Twitter Upgrades Gadget Emoji Point of Sale Ben McDonald shares Mobile Computing Travel Crowdsourcing Personal Information Botnet Students 3D Printing Printers Supercomputer CrashOverride Cortana Staffing Motion Sickness Taxes Machine Learning Administrator Processors Unsupported Software IT Budget Web Server what was your? GPS IT Consultant Computer Repair Relocation Mobile Data Windows 7 Cameras

What Our Clients Say

  • BNMC has provided us with nothing less than outstanding service and results for all of our IT needs for the past few years. Every member of their staff is professional, knowledgeable, friendly and eager to solve any problem...
  • 1
  • 2
  • 3