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Technology Stocks : Discuss Year 2000 Issues
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To: C.K. Houston who wrote (625)12/4/1997 5:03:00 PM
From: C.K. Houston  Read Replies (3) of 9818
 
Early Year 2000 Lessons Highlight Risks Faced by Business EXCERPTS

International experts are now estimating that 30% of organisations will not have all their essential systems ready for the impact of the Year 2000.

[...]

Some organisations, especially larger more complex ones, now realise that the problem is just too big to fix in the time available. Budgets have been drawn up by some organisations knowing that they will never be able to do all that work in time. Organisations are now advised to focus attention on the systems that support essential business processes.

Businesses have also realised that they can't assume that every Year 2000 remedial plan is going to succeed. To manage their risk completely businesses are drawing up contingency plans for their remedial action plans, especially where mission critical processes are at risk.

There is no way that any business can guarantee it will find every occurrence of the Year 2000 problem. Nor can a business anticipate the other problems that may occur as a result of trying to fix something. It is now clear that Year 2000 projects are actually preparatory work for Business Continuity Plans which will take us across the 1999/2000 thresh-hold.

year2000.co.nz
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