Project management as a science and art is undergoing key transformations as a result of countless stories of failed projects, cost overruns, and canceling that project that took 2 years of your employee’s lives. Needless to say, these scenarios not only cost money, time, and lost opportunities, but also have a longer term impact on the overall morale of a workforce.
Basel II: Implications for Financial Service Provider
Efficient risk management, as outlined by Basel II, can be attained by leveraging information technology assets. The financial sector will, therefore, rely significantly on IT service providers to implement Basel II. Accordingly, the IT sector is required to provide a more coherent architecture for process automation and integration, and cost reduction mechanisms. This white paper highlights the role of an IT services provider in a successful Basel II implementation.