Technology Risk Management Simulation - Mahesh
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This document discusses emerging trends in learning and introduces an IT risk simulation game called IT Risk Pro. It notes that MOOCs have good content but lack experience, while flipped classrooms and personalized learning use experience to engage learners better. The document then presents IT Risk Pro as an immersive simulation that provides managers a safe learning environment to play and learn risk management concepts represented as a 2x2 matrix. Key takeaways emphasize using experience to motivate learners and that experiencing is learning, while information alone is less impactful.
Technology Risk Management Simulation - Mahesh
- 1. Transforming the Way We Learn. Mahesh
- 2. 1 2 Agenda Trends in Learning 3 IT Risk Pro Game 2 Welcome to the latest pedagogy!
- 3. 1 3 Emerging Trends in Learning MOOCs 3 Personalized Learning 2 Flipped Classrooms
- 4. 4 MOOCs - Challenges <5% completion rate on average! Content Access Experience?? Coursera Completion Rate
- 5. 5 In Summary… KNOWLEDGE SKILL ACTION ??
- 9. Maslow’s Hierarchy THE CURRENT MODEL… 9
- 10. So, what’s the solution…?
- 13. …No, Context is crucial!13
- 14. What we came up with…
- 15. IT Risk Pro Simulation15
- 17. IT Risk Pro Simulation17
- 18. Ready to Manage Risks of a Company? 18
- 20. Risk / Reward Ratios 20 PROCESS IMPROVEMENT EXPERIMENTS RENEWAL TRANSFORMATION Short-term profitability Long term growth Shared Infrastructure Business Solutions 20
- 21. Characterizing IT investments 21 Investment Type Drivers Sample initiatives Transformation A core infrastructure that is inadequate for desired business model - ERP implementation - Building data warehouses - Implementing middleware layer Renewal Opportunity to reduce cost or raise quality of IT service Upgrading technology standards Retiring outdated systems and technologies Process improvement Opportunity to improve operational performance Employee self serve Streamlining IT processes Experiments New technologies, new ideas, new processes, new business models Testing demand for new products Testing pricing strategy 21
- 22. 22 Risks in an IT environment22
- 23. Value of Information 23 The value of information comes from the characteristics it possesses: • Availability • Accuracy • Authenticity • Confidentiality • Integrity • Utility • Possession 23
- 24. Valuing Information 24 • Information value grows with use • Information value is not stable • Information value grows with accuracy • Information increases in value when combined with other information • Information value does not drop with use 24
- 25. 25 Risk Assessment Qualitative Risk Assessment Risk is defined in subjective, qualitative terms due to the uncertainty in likelihood and impact values. Difficulties 1.Evaluating likelihood and impact of risks qualitatively, without bias. 2.Same scales to be used in the assessment of multiple risks 25
- 26. Risk Management Strategies 26 Mitigation Fix the flaw or provide compensatory control to reduce the likelihood or impact associated with the flaw. Transference Transference is the process of allowing another party to accept the risk on your behalf. This does not decrease the likelihood or fix any flaws, but it does reduce the overall impact on the organization. Acceptance Acceptance is the practice of simply allowing the system to operate with known risks. Avoidance Avoidance is the practice of removing the vulnerability of the system or remove the system itself. 26
- 27. Summary • Risk / Reward Ratio • Create a portfolio of risks • Develop a risk management plan 27
- 28. • MOOCs and e-learning good for democratizing content but lack experience • Use Experience to motivate • Immersive gamification to engage with audience better • Provides a safe learning environment for managers • Converting a 2x2 matrix into an immersive game that managers can play and learn at the same time Key Takeaways28
- 29. Thank You “To Experience is to Learn. Everything else is just information.” Our Philosophy 29
- 30. Appendix 30
- 31. Co{de}tective!31
- 32. Our Offerings 32 We have three core experiential learning offerings - 1 2 3 Products Programs Pillars 32
- 33. Our Products 33 We enable continuous learning through a portfolio of experiential learning products 1 3 2 4 Business Simulation Animated Video Based Learning Casestudy Platforms Gamified e-Learning Capsules 33
- 34. Our Programs 34 We offer 20+ off the shelf experiential learning training programs Some of our simulation based training programs run by us under the four major themes - • Leading Successful Change • The Adaptive Leadership Program • Leading Without Authority • Influencing Skills • Big Picture Thinking • Achieving Excellence in Strategy Execution Leadership and Strategy • Managing Projects for High Impact • Technology Risk Management • Managing Technology Transformation • Governing IT for Value Maximization Technology Management • Financial Acumen for Non-finance Managers Finance and Accounting • Leading successful Sales Teams • Consultative Selling • Advance B2B Marketing Sales and Marketing 34