The document discusses tips for boards and organizations undergoing digital transformation initiatives. It recommends that organizations assess scenarios for planning assumptions, interrelationships of risks across projects and third parties, and potential time and cost deviations. Organizations should ensure risk and compliance skills in IT and business teams, and increase retention incentives for key staff. Project managers should regularly report on project advances, performance, feedback, and risks to transformation plans. Boards should monitor controls, provide feedback to align projects with strategy, and suggest improvements.

1. 2021 Global Governance Day
Boards in a digitalized
world
Prof. Hernan Huwyler

2. The compliance think
tank in the Nordics
and beyond
Certifications Compliance Privacy InfoSec Risk

3. Post-Covid and cost
saving needs
multiplied digital
transformation
initiatives

4. eCommerce
eDocument
Cloud platforms
Robotics
Machine learning

5. Implementation
Budget
IT security
Third-party
Continuity
Risks

6. Assess the impact of
volatility in the planning
assumptions in the
digitalization projects in
terms of time and costs

7. Design
Vendor
Data
Dev
Test
Gantt + Failure histograms
Cost
Time
Best
Worst
Most probable
Distribution
Cost or time
Probability
Exceedance curves
Scenario
analysis

8. Tips
In the digitalization initiatives, assess
• scenarios for planning assumptions
• interrelationships of risks in projects, phases and
third-parties
• time and cost deviations per assumption
• feasibility and reasonability
• capabilities to respond to discontinuation

9. Ensure risk and
compliance
skills in IT and
business teams

10. Increase retention
incentives for the
“doers” and
“Michelangelos”

11. Develop tribes
with agile tools
with stable
objectives

12. Request third-
parties to early
report risks with
strong contracts

13. Assess
vulnerabilities
in the input
components

14. Solidify
changes by
explaining
career risks

15. What board
members should
measure

16. Project managers should
report advances,
performance deviations,
feedback and risks of
transformation plans

17. • Number of impacted users
• Number of available licenses
• Number of migrated processes
• Revenue from new solution
• Changes in productivity
• Usability incidents

18. Board should provide
feedback, align the
projects to the strategy,
and suggest improvements

19. Monitor controls in the
cloud environment
changes

20. @hewyler
/hernanwyler
mydailyexecutive.blogspot.com