The inaugural "ShopTalk" column ("Hell Is Not a Night Club," February 2007) outlined a process that, if diligently adhered to, greatly reduces the risks inherent in acquiring mission-critical, third-party software components. The process includes steps such as issuing an RFP, visiting vendors, and talking with references, which most carriers implement when undertaking a software search and evaluation. But these steps in and of themselves are inadequate risk mitigators for such a critical decision for the following reasons:
o The results rely exclusively on what people say, not on what people do.
o The greatest risk mitigator is observed, measurable performance–both for software and for the people who support and customize the software.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.