Page 41 - ITGC Planning
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Characteristics of each Strategy (time-line)
Description Pilot Big Bank & Phased Big Bang
Timeframe Lasts less than 3 months More than 3 months
How long will this project run?
Risk Low Risk High Risk
Associated risk of execution
Cost High initial cost Low cost over time
rd
Capital cost, 3 party resources etc.
ROI Volatile return Faster return
Return on Investment
Disruption to Operations Minimal, however employees may lack Moderate, Organization will need ramp-
Ramp-up period, Change Management etc. buy-in to test up time
Next steps for implementation Requires go/no-go decision Always a “go” decision, with sponsor
Go forward as-is or iterate approval
Continuous monitoring Need resources to analyze Need resources to analyze
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