Risk Management Software: Buy vs. Build

Overview

The buy vs. build decision is very important and complex for organisations. Do you purchase a software application to solve the problem at hand, or do you build your own solution?

In most cases, both options will be represented by organisations, arguing in favor of one approach or the other. But it's important that the final decision be made after a careful evaluation of the alternatives and not as a result of assumptions about internal abilities or the capabilities of a solution.

An organisation wants the most-cost effective, functional and feature-rich risk management solution, but it is not always clear which decision is right. There are significant strengths and weaknesses associated with both options.

This educational webinar will discuss the strengths and weakness of buying vs. building risk management software and the implications associated with both options.

Key benefits of attending:

• Understand the strengths and weaknesses of building a solution
• Understand the strengths and weaknesses of buying a solution
• Learn about the implications of selecting each option
• Understand the software decision making process for organisations.

Who should attend?

This is a must attend event for risk and compliance professionals who are currently in the market for a solution or who are interested in reviewing Leading Practice for requirements gathering and future consideration.

Andrew Howarth, 'The father of Enterprise Risk Intelligence'

Andrew Howarth is the founder and CEO of RMSS and has been instrumental in developing a new paradigm shift in risk management called Enterprise Risk Intelligence. Andrew’s achievements include over 18 years in senior risk management roles with multinational organisations throughout Australia and Asia. At RMSS, Andrew’s expertise in implementing Enterprise Risk Intelligence solutions has assisted clients across a broad range of industries to more effectively manage enterprise risk by integrating the previously disparate functions of risk management, event/incident management and compliance. In addition to Andrew's experience in the field of risk management, he has formal qualifications in the form of a Master of Business and Technology (Risk Management) from the University of New South Wales. Andrew is also a regular speaker on risk management and Enterprise Risk Intelligence related topics at various risk and compliance industry seminars and events.

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