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Similar a Information Technology and Compliance at KMCO Gaming
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Information Technology and Compliance at KMCO Gaming
- 1. Meeting the E-Discovery Challenge: Information Technology and Compliance at KMCO Gaming
Notas del editor
- Pros: -Cost Efficient in the long term (mean salary compensation for IT professionals is $77,415 per Janco Associates) -Since KMCO is experienced in their particular industry, they can better determine the security they require and can react faster to changes in laws and security inflitration -Employees working on E-Discovery will become more experienced in the field as they implement the plan Cons: -Currently E-Discovery has been a failure -Legal and IT departments are having serious issues with infighting -Time is lacking as Legal division and IT are both working on issues related to the lawsuit and the hurricane Katrina disaster
- PROS: -Expertise: specialized degrees in MIS, technology or computer science -Do not need to use someone on staff, which means everyone can continue to work towards their core business objectives. Keeps budgets on track -Flexible relationship versus hiring employees -Objectivity & impartial: decisions based on experience in similar projects and unbiased to previous technology decisions at the company (cabinet system) CONS: -Cost: $70-100/hour (www.captureplanning.com) depending on experience Because IT projects produce tangible and intangible benefits, sometimes hard to justify costs—hard to value the $ investment -Time consuming to start over from scratch. How many consultants, more than 1 increases costs but only 1 may take longer -won’t understand the culture of KMCO, will need solid direction and oversight from someone, the steering committee?? -Egos of executives currently involved in the project who will have to let go of some power with the outsourcing
- -The steering committee will help prioritize project components since they know the internal workings of the company -Successful steering committees=key operating departments must be represented and the right person from each dept must participate
- -Who will take over the system integrator’s role after the implementation? Internal audit function to ensure continued compliance, would this fall under Bruce & IT or CFO might want it under his people