Financial Legacy System Migration to Cloud Web Services Project

Work Breakdown Structure (WBS). Work Breakdown Structure is a tool in which a project is broken down in to individual “Tasks” and “sub-tasks”. WBS is a very powerful tool to analyze a Project. It allows different experts, professionals and other resources to be properly assigned to the tasks in a project. This way everyone knows when and what to do to complete the project.

The WBS in the project that will enormously help in the Migration of Financial Legacy System to the Cloud. It will help in understanding and estimating the time required to complete each task and sequence them so that the project will complete on time. Once you know the time of start and finish date you can easily assign resources to the project tasks. All the tasks are assigned to related experts or team of experts and the Project Manager keeps the project under his supervision. When the project is properly planned the project’s cost remains effectively under control and the project is completed on time. The project requirement is also easily understood once the WBS is used. The product or service that is successfully provided is called deliverables. This is the job of the project manager to keep track of all the work done by the professionals working on the project.

Risks in Cloud Projects and their Mitigation

Risk#1: Badly Signed Cloud Contracts and Mitigation

Now a days, anyone can click the terms and condition checkbox and sign up a contract with a company that is offering Cloud services. This process carries many problems that can put the project at risk. In the old times, a team was formed and the all the terms and conditions had to be discussed with pen and paper before a project was signed.

A process should be in place to discuss and evaluate the contract with its terms and conditions before it is signed.

 Risk#2: Cloud Data Security Risk and Mitigation

When large amounts of data is moved in and out of the cloud the security becomes the main issue. There always is a risk of cyber hacking attacks that can steal or destroy data. In order to mitigate this the company should have special meetings with the cloud services provider and go through the security infrastructure. Data encryption should a must and it should be on the top agenda.

Risk#3: Problems in Getting the Data out of the Cloud and Mitigation

You can put your data on the Cloud but once it is in the Cloud you should also have plan for taking it out in case of something goes wrong and the company wishes to terminate the contract with the cloud service provider. This ask for a downtime for a significant number of days. In order to mitigate this risk two different Cloud services can be put in to use. It is feasible to keep a redundant Cloud service as a backup.

(Computerweekly.com, 2014)

References

Migrating Applications to Public Cloud Services : Roadmap for Success. (2013) (1st ed., pp. 19-28). Retrieved from http://www.cloudstandardscustomercouncil.org/Migrating-Apps-to-the-Cloud-Final.pdf

 

Computerweekly.com,. (2014). CW500: The legal risks of migrating to the cloud. Retrieved 19 May 2014, from http://www.computerweekly.com/feature/CW500-The-legal-risks-of-migrating-to-the-cloud#Cloudcontracts