BradEgeland.com
  • Welcome
  • Blog
  • Expertise
  • Resume
  • Software / Service Reviews
  • Contact
  • Videos
  • Books / White Papers
  • Mentoring Contact Form
  • Awards/Recognition
  • Templates & Downloads
  • Clients
  • Professional Services
  • Past Survey Results

Your Next Project Manager is Here

8/30/2022

0 Comments

 
Picture
Are you looking for an experienced project manager for your PMO? Or perhaps you just need some experienced PM help part-time or for a short time or for a one-off project. I am a very experienced leader of tech teams and projects and can help you tomorrow - not next month. Let's connect. 

I am available for 1 on 1 mentoring, team discussions, analyzing and fixing your PMO, or coming onboard as your newest Project Manager. Contact me or email me and tell me what you need.

I  can be available immediately if needed. I bring over 20 years of successful tech project management experience and a deep knowledge base in best practices. Private and public sector experience. High level security clearance obtainable - have held FBI level security clearance and Nevada Gaming Card. Contact me or email me.

  • Named #1 in the "100 Most Inspiring People in Project Management"
  • Named the #1 Provider of Project Management Content in the World
  • Named #1 on the Best Project Management Blogs to Follow in 2022

Do you need long term or one-off expert project management help right now? I am a very experienced tech project manager with more than 20 years of successful project management experience. I can be available immediately and I can do remote or onsite, full-time or part-time, W2 or 1099. Contact me by email or through my contact form here. Let's discus. Thanks!

My motto is:

"You're only as successful as your last customer thinks you are..."

What does your organization look for in a project management leader?  A 'yes' man? Do you want someone who will listen to you and do exactly what you ask them to do? Hopefully not.  My clients are intelligent and experienced, but they don't always know exactly what they need.  They often don't even know for sure exactly what they want - though they may think that they do.

That might be the case for you as well.

If you decide to seek out my services, what you will get is an experienced professional who is more interested in actually understanding your true needs, how you got to where you are now, and what will satisfy you in the end.

It's not about 'phoning it in' on a project.  It's not always about getting it done in 'x' amount of time, either.  But it IS always about customer satisfaction.  It's about giving you - the customer - something you can live with and be happy with and that your end users can actually use.

View my resume


View my LinkedIn profile

Highlights:
  • Led enterprise implementations for a growing healthcare organization offering health management systems
  • Led enterprise IWMS (TRIRIGA) implementations for Fortune 500 companies and large government entities
  • Authored 7,000+ expert PM, cybersecurity, consulting, business strategy, & best practices articles for clients worldwide
  • Authored dozens of eBooks & white papers on project management, VDI, consulting and biz strategy topics
  • Managed projects and programs in excess of $50 million
  • Directed all remote corporate operations and staff for a $300 million global IT services organization
  • Managed all activities and relationship with technology company's largest gaming & hospitality customer
  • Led corporate technical staff supporting all casino & hospitality and lodging data systems
  • Managed all financial activities for $50 million federal contract including pricing, forecasting and reporting
  • Forecasted, planned and managed staff budgets more than $500,000
  • Pioneered and implemented project management practices for a $2 billion corporation
  • Led teams on successful proposal efforts for over $100 million in federal contracts
​
My Noteworthy accomplishments:​​
  • Named the #1 Provider of Project Management Content in the World
  • 2021 MVP Award winning article on Project Management Update - 7 Key Considerations for Building the Perfect PMO
  • Named #1 on the Best Project Management Blogs to Follow in 2022
  • Named the #1 Project Management Blog to Follow in 2021
  • Year-end 2021 Named one of the Top 11 Blogs to Follow
  • Project Management Roundup: The Best of 2021
  • ​Named #1 of the Top Eight Blogs to Follow Right Now
  • Named #1 Project Management Blog to Follow in 2020
  • Named #1 in the "100 Most Inspiring People in Project Management"
  • Named #9 on the 130 Top Project Management Influencers of 2020
  • Named #6 on the 25 Project Management Blogs You Should be Reading

0 Comments

Project Insight has a New User Interface - Check it Out and Try it for Free

8/29/2022

0 Comments

 
Picture
Thousands of businesses have made the switch to Project Insight to centralize their work, projects, and tasks into one easy-to-use online platform. And now, Project Insight as a fresh new interface.

All your teams - from dev to service to billing - can work in one tool together successfully. PI is the first truly customizable project portfolio management software that actually fits your unique business needs! Try free today.
0 Comments

Cybersecurity's Achilles Heel

8/28/2022

0 Comments

 
In Greek mythology, it was foretold that the warrior Achilles would die at an early age. When he was an infant, his mother decided to dip him in a divine river that was supposed to make him invulnerable. However, because she dipped him holding his heel, that part of his body didn't touch the water. Achilles eventually died from an arrow shot to his heel, hence the expression "Achilles' heel." A weakness, despite overall strength, can lead to a downfall.

I am recovering from a ruptured Achilles, a long process after surgery and rehab, and it got me thinking: What is the Achilles' heel of cybersecurity? What is the one thing that can lead to a downfall or exposure despite the overall strength of controls? There are several, of course, but if one tries to take away situation-based or incident-based options and focus on those that stay constant over the long term, the choices narrow down.

I believe the Achilles' heel of cybersecurity is "complexity." I don't mean the complexity of the technology environment we are trying to protect or the complexity of threats. Instead, the Achilles' heel is the complexity of the cybersecurity controls we have deployed.

The top two reasons for the complexity are good reasons that most risk managers would have done in their organizations.

1. React. Control systems are enhanced as risk managers react to changes in business, technology and threats. At that point in time, the changes are justified and needed. Over time, however, the control system resembles a collection of these changes.

2. Need for the best.
 We look for the best or next-gen control solutions; the benefits of these enviable technologies are just too enticing. After all, we all want to work with the best there is. We then create a complex system of current-gen and next-gen systems.

Both of these are good reasons, but they end up creating the Achilles' heel, which can become the weakness despite the overall system being strong. The obvious thing to do would be to execute a "simplifying cybersecurity program." The program could include components like collapsing the stack, integrating, automating, orchestrating, etc.

However, the simplifying program itself can make the system more complex. Instead, I would suggest an approach that starts with calling out "complexity" as a risk and mitigating it—a simplified approach to reducing complexity.

• Step 1: Determine if your control complexity is a risk and rate it. If the complexity is not high, move on to other battles.
• Step 2: Isolate control elements that are causing the complexity. Create a list of controls contributing to the complexity and identity a high-level complexity reduction strategy for each.
• Step 3: Sort the list by the ease of implementing the strategy, with the easiest on the top.
• Step 4: Implement the top three and go back to Step 1.
Measuring and rating complexity can be complex. Several algorithms and methods focus on measuring the complexity of processes, modules, etc. However, we need to find a quick and easy way to be approximately right rather than precisely wrong.

Pick the top five objectives or goals and write down the steps or actions needed. For example, if the goal is critical vulnerabilities on high-value assets, it should be mitigated with a fix or compensating control within five days. This includes:

• Identifying high-value assets.
• Finding critical vulnerabilities that impact them.
• Identifying controls or a workaround to mitigate.
• Implementing the measures or tracking them.
• Verifying that the mitigation measure is effective.

For each step, we could need multiple process elements, tools, service providers or functional groups—I am calling them nodes. For example, the nodes for the identification of high-value assets are asset inventory tool No. 1; asset inventory tool No. 2; Excel sheet; and manual updates from business group 1 and business group 2. That's five nodes.

Complexity risk is high if we cannot write down definitive answers for each step or if one or more steps have more than five nodes. The risk is medium if we have answers for each step, with a maximum of four nodes per step. The risk is low if we have answers, with only a maximum of three nodes per step.

The method and the numbers can vary so long as we can quickly rate complexity in a way to see the impact of it reducing as we go through the process. A complexity reduction strategy could start with reducing the number of nodes for each step.

After executing the four steps a couple of times, determine where the cybersecurity controls complexity risk is now. If the risk is low, you can celebrate! If the risk is medium, you'll want to run the four steps a few more times. If the risk is high, then it's time for the extensive "simplifying cybersecurity program."
​
Simplifying is hard, and complicating is easy. That's how we humans are wired.
0 Comments

A Chromebook May be All You Need

8/26/2022

0 Comments

 
Commentary: Looking to buy a new Windows or Mac laptop? You'll first want to consider Chromebooks, too.

Let me insert here that my go-to is still my Macbook - love it and can't live without it. But I have a Chromebook that I won, actually, and I forced myself to use it daily and get used to it and it is now a great - and very lightweight - backup machine for me. Three of my kids have Chromebooks as well and use and abuse them daily and they have been durable and great - no issues at all. - Brad Egeland

Due to the uptick in remote learning and working during the pandemic, a lot of people are now aware of the world of Chromebooks. It's likely because of this that I spent more time fielding questions about them from family and friends than I have since they first launched in 2011.

Chromebooks have been around for more than 10 years now and a lot has changed. Most of my Chromebook conversations are with people buying them for kids, but these Q&A sessions regularly end with them asking "Should I buy one for myself?" And the stock answer is usually, "It depends on your needs." But after a little digging, many people realize they don't need to do any more than what can be done on a Chromebook. 

A common argument against getting a Chromebook is that you can do so much more with a real computer -- i.e., a laptop running on MacOS, Windows or a Linux distro. This is generally true, but again, many people don't need to do more. What can be done with web, Linux and Android apps on Chromebooks are increasingly more than enough to get through your day-to-day tasks. 

Is a Chromebook enough for me?Not sure if a Chromebook is right for you? Start by making a list of exactly what you need to do on a computer. Include what you'd like to do, too. If everything on your list is done in a web browser, congratulations, Chromebooks are a perfect fit. 

So many things, especially when it comes to productivity tasks like word processing and spreadsheets, can happen in a browser or with a web app. Web apps are essentially website bookmarks that look like mobile apps on a phone or tablet and Google has a web store full of them. More feature-rich web apps, called progressive web apps or PWAs, actually function like full mobile apps letting you do things like use them offline, store files locally and let you receive updates and notifications. Microsoft Office is available for Chromebooks as PWAs, for example.

If you can't find a web app to meet your needs, all modern Chromebooks can run Android apps, too, from the Google Play store. It's basically this combination and some other key Chrome OS features (I'll get to those in a sec) that make Chromebooks an easier recommendation than they were even just a few years ago. 

What's good about Chromebooks? Price is one of the big things that makes Chromebooks so attractive. While premium models start at around $500, you can find excellent options for everyday use for $200 to $300. One of my favorite inexpensive models, the Lenovo Chromebook Duet, sells for less than $300. It's a two-in-one Chromebook with a detachable keyboard cover so it can be used as a tablet or a laptop. With its USI pen support, you can draw and take notes on the screen. You can connect a Bluetooth gaming controller to it and play Android games on it. 

Speaking of gaming, while you won't be able to play the latest PC games directly from a Chromebook, game-streaming services like Google Stadia and Nvidia GeForce Now make gaming possible. Also, Google and game-maker Valve have developed a way to install and play older PC games on Chromebooks via Valve's Steam game store. And, again, you can play Android and browser-based games on them, too. Apps for services like Netflix, Hulu, Spotify, YouTube and YouTube Music are also available so there are plenty of entertainment options. 

Also, some of the same reasons Chromebooks are good for schools and businesses make them excellent family computers. Everyone in the family can have separate Google accounts and signing in gives them access to only their stuff and not yours. Accounts for kids can be managed with Google Family Link. It's nearly impossible for Chromebooks to be corrupted with viruses or other malware. And if it isn't running quite right, you can reset it with Chrome's Powerwash feature and in a couple of minutes, the system is clean and fresh. 

Read more: Laptop vs. Chromebook: What's the Difference and Which Works Best for You

Samsung's Galaxy Chromebook 2 delivers a premium Chrome experience.
Josh Goldman/CNETGoogle regularly updates the OS for security and adding new features and installs are quick and painless. And if you're an Android user, there's even more reason to pick up a Chromebook. Chrome's Phone Hub feature makes it easier than ever for the two devices to work together. 
There is one thing to be aware of in regard to updates, though. Google Chrome devices have an Auto Update Expiration date. Non-Google hardware is only supported for so long before it stops receiving Chrome OS and browser updates. For models released in 2020, the date is roughly seven to eight years from the initial release of the device, but that's not always the case. Google maintains a list of AUE dates for all models and it's definitely worth checking before you buy a Chromebook, new or used. 

What can I do with a Chromebook?A hurdle for some is the need to run Microsoft Office or some other native Windows or Mac software. There are progressive web app versions of Office software that look and behave just like the Office 365 mobile apps. You'll want to be sure all the tools you need are available online or in the apps before making the switch, though. Take this same approach with every application on your list that is a must-have.

For example, if you need a laptop to run full Adobe Creative Cloud software like InDesign and Photoshop, a Chromebook's not a good fit. Adobe does have limited versions of CC apps for Android that are supported on Chromebooks, so depending on what exactly you're doing you might be able to get by. Again, though, Chromebooks are not natively compatible with software for Windows or Mac. 

That said, software maker Parallels now makes Parallels for Chrome for Chrome Enterprise. It allows you to run full-featured Windows applications. It is mainly for business users, though, and not the best option for regular consumer use.

You can also use a Chromebook and its Chrome Remote Desktop to connect to other computers with the Chrome browser installed on them. Remote Desktop only takes a few minutes to set up and can be used as a workaround for accessing Windows and Mac software on a Chromebook. You can also use it to give tech support to family and friends or share your computer with them so they can securely access your apps and files. 

Chromebooks have grown up a lot in the past 10 years and while they're not a solution for everyone or for everything, they do meet the needs of a lot of laptop buyers now.

by Joshua Goldman/CNet
July 2, 2022 11:00 a.m. PT
5 min read
0 Comments

Key Ingredients for PMO Success

8/26/2022

0 Comments

 
Often, at the core of an organization’s successful project management infrastructure, is a solidly structured, well run project management office or PMO. I’ve seen PMOs constructed only to fail and be redesigned…and fail again – sometimes within a 1-2 year window in the same organization. Over time, I’ve come to realize – after witnessing failures as well as successes, that there are several necessary ingredients that must go into the PMO in order for it to be effective in the organization, meet its overall goals, and realize success in project oversight and project manager development. From my experience and perspective, these key ingredients are:


Strong leadership


I feel strongly that the PMO needs to be led by a true PMO Director, not just another PM who leads but spends most of his time also leading projects. This individual needs to be focused on the career development of the project managers in the group, ensuring communication and knowledge sharing is happening regularly, knocking down barriers that get in the way of project successes, and being that critical liaison with the executive management in the organization. A PMO Director who is stretched too thin leading the group AND managing several projects will have trouble succeeding at either.


Executive buy-in


If you build a PMO and you don’t have executive support you might as well close up shop immediately. I was part of a PMO at a major Fortune 500 organization and we were actually at war with another competing group to be the project leaders in the organization. Is it any wonder we failed miserably? Everyone lost. Six months later we were building a new PMO only to see it also fail due to weak leadership and poor structure. Senior management buy-in is absolutely necessary or there’s no reason to continue.


Staffed with experienced PMs


Staffing your PMO with PMP certified project managers sounds good, but PMP certification is no guarantee for success. Seeking and hiring PMP-certified project managers is a good place to start, but it should definitely not be the only hiring objective. You must have PMs who have led projects and know how to make good decisions and can interface successfully with their teams and their customers.


The PMO must contain several project managers with experience in leadership roles and many successful projects under their belt. It is also a good recipe for success to have a mix of junior and senior level project managers allowing the more senior project managers to mentor the junior staff as your organization seeks to grow its own PM talent.


Solid methodology with repeatable processes and templates


A well-stocked PMO full of experienced and well-trained project managers need templates, processes, policies, etc. to follow. In short, they need a good project management methodology to lead the way. Without these, you’re essentially leaving project successes to luck and that will never lay the groundwork for ongoing project management success in an organization. A consistent process with reusable templates for project plans and documents will give your project managers the tools they need to run successful projects. Having full-featured management tools at it’s disposal – for example a web-based agile project management tool that allows teams to collaborate and manage task assignments, can breed project ownership and successful communication throughout the project engagement.


Visible in the organization


Finally, the PMO must be visible in the organization in order to be successful. Internal groups and executive management must know it exists and that it is the ‘official’ PM group to run projects through and that it is established and successful. The PMOs visibility can be maintained primarily by doing the following:


  • Reporting project portfolio status on a regular basis and in a meaningful and useful format so that executive management realizes the PMOs value
  • Implementing solid PMO practices to ensure that the high-visibility customers are happy and referenceable and the high-visibility projects are successful
  • Inviting executive leadership to regularly attend weekly PMO meetings and sit in on project status meetings for the critical, high-visibility projects
  • Managing project budgets thoroughly and reporting budget status up through executive leadership to show bottom-line PMO and Project Manager value
0 Comments

Why Switch to Agile Processes

8/26/2022

0 Comments

 
Why switch to Agile practices? Are Agile projects more successful? Is Agile development a better way? Will the project customer be happier and receive more functionality in the products and solutions that are delivered to them? Why should an organization’s CIO want to change? Why should the CEO want to adopt Agile practices? How about project managers – why should adopting Agile practices be beneficial to them? The list is long.


Teamwork is very key in any organization, but in the end everyone is their own person and each position – each individual – is affected by change. It’s important for different roles in the organization to understand how Agile practices are important to their work, to the organization, and ultimately to their project customers. It’s important for each role to understand how Agile processes can add value to their work that they are performing. It’s not too difficult to understand it once you’re living it, but when you’re trying to make that decision to move, then understanding is crucial to adoption and acceptance.


Let’s look at some organizational roles and positions and how the move to Agile can mean different things to these different roles.


For the CEO of the organization, a switch to Agile can mean less wasted work by your organization and improves value for your investors. Costs are likely down, profitability is likely up, and projects can be more successful as they flow with requirements changes rather than be destroyed by them.


From the CIO view, Agile adoption and process implementation can set a better vision for the technical team. It can make stakeholder meetings easier, and it definitely can improve communication with business partners throughout the organization. Suddenly, the organization will have a much higher level of transparency and will involve much less of a political agenda.


Agile processes create transparency for Business Stakeholders allowing them to see faster results, gives them a better understanding of why tasks take the time they take, and provides for a better framework for future planning efforts.


Agile practices provide IT Leadership with a very concise and accurate burndown chart at each release and each iteration level. Agile adoption also helps senior IT leadership to stay focused on strategic company initiatives and objectives while the project team can stay focused on the shorter-term goals.


Incorporating Agile project management practices allows an organization’s Project Managers to focus on the team to come up with a plan, with a detailed task list and estimates for every iteration – which the project team then commits to and focuses all effort on. Agile sets the stage for project managers to better understand the team and the technology, and to support the team by removing roadblocks. This, after all, becomes a key role for the project manager – facilitator and roadblock remover.


Through the use of Agile practices, the Business Analyst can stay focused on asking the right questions – the critical and tough business questions of the customer and the organization. It encourages the BA to partner with the development team to identify expected system behavior through user stories and the defined acceptance criteria.


By focusing on Agile principles Architects stay focused on strategic thinking that can take the organization to the next level of performance and delivery to the project customer. Developers are focused on test-driven development and receive timely feedback from testers during the development cycle. This allows developers to more quickly produce error-free code and can greatly improve morale among the developers in the close team environment.


Agile practices set the stage for Testers to work closely with the development and project team members to ensure that the necessary quality is built into the iterative solution rollouts. They are committed to quality, not just finding bugs along the way.


This isn’t necessarily a comprehensive list, but it makes it clear that Agile means different things to different key individuals in the organization. The key is to educate at each level and help each role understand the benefits they will likely see from the transition.
0 Comments

Follow These 5 Basic PM Principles for Project Success

8/24/2022

0 Comments

 
First, a quick run through of the project management process that governs all projects. Many of these terms will help you better understand the core project management principles ahead:

Step 1: Project initiation and conception

Initiation is your launchpad for your project. Either you’ve received a request from a client or discovered a business need, and it’s up to you and your stakeholders (those affected by the project deliverables) to determine whether or not accomplishing this project is feasible and valuable for your business.

Step 2: Planning and ideation

If you’ve decided your project is viable, the next step is to put together a project management plan that’ll guide you through the execution process.

Step 3: Project launch and execution

Once your plan is in place, it’s time to put it into action. Don’t be afraid to amend your plan based on changing circumstances.

Step 4: Project monitoring

Throughout the execution process, you’ll need to monitor, measure, and report project management metrics so you’ll have everything you need to inform your stakeholders about your progress.

Step 5: Closure and presentation

Time to tie up all of the loose ends by developing final project reports and presenting your deliverables to your stakeholders.

Now, the principles successful project managers should follow...

Create clear and concise project goals

Every project needs goals that are clear, concise, and most importantly, measurable. Without these goals, a project becomes an aimless endeavor that’ll never reach any worthwhile conclusion.

The best way to create project goals is to use the S.M.A.R.T. criteria, which stands for:

  • Specific: Make sure your goal has a specific endgame.
  • Measurable: Quantify your goals using KPIs (key performance indicators).
  • Assignable: Make sure this goal is assigned to a specific individual or individuals.
  • Realistic: Create attainable goals that are achievable in a reasonable timeframe.
  • Time-related: Set a specific timeframe for your team members to achieve this goal.

Manage your risks

All projects face risks no matter how simple or complicated they might be. The unexpected always happens at some point or another, so it’s important to create fail-safes, schedule buffers, and even team backups to ensure you are managing and anticipating risks.

This can be accomplished through team brainstorms, risk assessments, checklists, and response planning.

There are even different types of risk management software options on the market that can help you increase the resiliency of your projects and your company.

Establish a performance baseline

There are three basic components of a project plan:

  • Cost
  • Schedule
  • Scope

When planning out these three components, it’s crucial to set baselines, also known as KPIs (key performance indicators), to measure them against.

These three components all affect one another, so if your scope must change, so will your costs and your schedule in order to make room for that adjustment. Having a baseline will help you keep these three components in check during the execution phase of your project, even when you need to make changes to your plan.

Establish and maintain healthy communication

I’ve always held that effective and efficient communication and followup is Job One for the project manager.. Communication is one of the most crucial necessities for project success. Not only should your team feel comfortable communicating with each other as well as you, but you must also maintain a healthy line of communication with your project stakeholders as well.

Encouraging open and consistent communication will help you avoid issues, anticipate risks, resolve project conflicts, and coordinate tasks and schedules in a timely manner.

Clearly define team responsibilities

When you define and outline the responsibilities of your team members, you are actively engaging in risk management that will avoid confusion later on during the execution phase of the project.

RACI charts are an effective means for organizing your team and tracking tasks, milestones, or project decisions.

RACI stands for:

  • Responsible: Who is responsible for the task?
  • Accountable: Who will delegate and review the task before it’s complete?
  • Consulted: Who will help review and consult about how current tasks will affect future ones?
  • Informed: Who will you keep in the loop about overall project progress?

Using a RACI chart will help you set clear expectations so no one is left in the dark about who needs to do what, where, and when.

Summary / Call for Input

This is basically some straightforward, get you on the right track PMI (Project Management Institute) principles for running successful projects. In the real world of project management how closely you follow PMI principles will depend on a few things when managing projects… what the project customer wants and will pay for, what your senior leadership believes in and will fund, and how well it is working for your project and team. But following this roadmap above will definitely put you on the path to project success more often than not so stay the course and work these into every project as much as possible.

Thoughts from readers? Anything to add or comment on? Please feel free to provide feedback or any value-added knowledge you have on the subject matter. Thanks!
0 Comments

Cybersecurity - the Ultimate Recession-Proof Industry

8/24/2022

0 Comments

 
With the pace of economic growth slowing and inflation at a multi-decade high, that has led many people living in the U.S. to start entertaining the “R” word: recession. In 2022 we’ve experienced what’s being coined a “technical recession,” or two consecutive quarters of negative growth in GDP (gross domestic product). President Joe Biden, however, has—so far—had a more optimistic outlook, saying the U.S. isn’t yet in a recession.

Whenever we do inevitably enter another recession, certain industries and types of businesses typically still grow, including health care, food, and transportation. Recession-proof businesses or industries are those that are more resistant to the economic effects of a downturn than others. And one industry that the average consumer may not think of as thriving during a recession is cybersecurity. 

“I believe cybersecurity is practically a recession-proof industry,” Cybersecurity Ventures founder Steve Morgan tells Fortune. “For organizations of any type or size globally, cybersecurity is mandatory. Without digital protection, a business will go out of business. Given the market demand, for anyone with cybersecurity experience, they are assured of good employment.”

Between 2013 and 2021, the number of open cybersecurity jobs worldwide grew 350% from 1 million to 3.5 million, according to Cybersecurity Ventures’ Boardroom Cybersecurity 2022 Report. In the U.S. alone, there were around 715,000 jobs yet to be filled as of November 2021, according to a report by Emsi Burning Glass (now Lightcast), a market research company. Additionally, Cybersecurity Ventures predicts that global spending on cybersecurity products and services between 2021 and 2025 will accumulate to $1.75 trillion.

“I don’t believe there’s any industry which is recession-proof, but I think that if there’s one industry which might be recession-proof it’s probably cybersecurity,” Adi Dar, CEO and founder of cybersecurity firm Cyberbit, tells Fortune. “Everyone is trying to recruit. Everyone is trying to hire. I think that it’s going to take years and years until maybe part of the gap is closed. I’m not sure it’s ever going to be completely closed.”

Companies need cyber protection

Cyberattacks are becoming more prevalent. The average number of attempted cyberattacks per company rose 31% between 2020 and 2021, to 270 attacks, according to Accenture’s State of Cybersecurity Report 2021. The average number of successful attacks per company was 29 in 2021, up from 22 the prior year. 

Because data and digital services are critical to business operations, it’s “imperative” to protect company assets, says Danny Allan, chief technology officer of data protection firm Veeam. 

“I believe that the cybersecurity industry is largely insulated from market downturns,” he tells Fortune. “Additionally, we are seeing increased focus on compliance and regulatory oversight from the public and the board during times of economic challenges.”

In fact, Cybersecurity Ventures’ Boardroom Security report also shows a growing need to focus on cybersecurity in the board of directors. By 2025, 35% of Fortune 500 companies will have board members with cybersecurity experience, and by 2031 that will climb to more than 50%, according to the report. In 2021, just 17% of these companies had board members with cyber experience.

“Cybersecurity is the only line item that theoretically has no spending limit,” Morgan explains. “There is a budget before a company suffers a cyberattack or a series of them, and then there’s the actual spend that takes place afterward. What business isn’t going to do and spend whatever it takes to recover from being hacked?”

The cybersecurity industry needs to “catch up”

While we’ve seen vast growth in the cybersecurity industry that has seemingly no slowdown in sight, it’s still an industry that’s in its “infancy,” explains Mark Sasson, managing partner of Pinpoint Search Group, a cybersecurity recruitment firm.

“If we’re defining recession-proof as ‘no impact to the industry,’ I would say no, cybersecurity is not recession-proof,” he tells Fortune. “While the industry will surely continue to grow over time, the massive growth we’ve seen in the past couple of years is a symptom of an industry in its infancy needing to catch up to motivated threat actors.”

The huge cybersecurity talent gap worldwide is more a consequence of not having enough people with the skills necessary to fill these jobs as opposed to the result of a thriving industry, Sasson says. 

“This catch-up game will likely last in perpetuity as threats will continue to evolve based on technological advancement,” he adds. “What this translates to is the need for constant innovation—and constant innovation requires investment.”
0 Comments

4 Top Features for PM Tool Project Insight

8/23/2022

0 Comments

 
Picture
Time Tracking

Quickly enter time on our time entry grid, or from any task or our mobile app.
Learn More Video
 
Project Requests

Save time and standardize your processes by creating, assigning, and routing project requests for approval.
Learn More Video
 
Intelligent Scheduling

Intelligent project scheduling connects tasks so that when earlier tasks are rescheduled, remaining tasks are adjusted automatically.
Learn More Video
 
Project Templates
​

Save time by creating and reusing an unlimited number of project templates built from your organization's current processes and best practices.
0 Comments

5 Tips CEOs Can Take from Project Managers

8/23/2022

0 Comments

 
Picture
The CEO is in charge and likely arrived in their position through leadership, success, and doing the right things, right? One would think that the CEO has it all together – surely there’s nothing more the CEO can learn. They’re at the top of their game – the pinnacle of their profession. Here’s...

Read the rest of the article...
0 Comments
<<Previous

    Author:

    Picture

    Brad Egeland


    Named the "#1 Provider of Project Management Content in the World," Brad Egeland has over 25 years of professional IT experience as a developer, manager, project manager, cybersecurity enthusiast, consultant and author.  He has written more than 8,000 expert online articles, eBooks, white papers and video articles for clients worldwide.  If you want Brad to write for your site, contact him. Want your content on this blog and promoted? Contact him. Looking for advice/menoring? Contact him.

    Picture
    Picture
    Picture
    Picture
    Picture
    Picture

    RSS Feed

    Archives

    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014
    December 2013
    November 2013
    October 2013
    September 2013
    August 2013
    July 2013
    June 2013
    May 2013
    April 2013
    March 2013
    February 2013
    January 2013
    December 2012
    November 2012
    October 2012
    September 2012
    August 2012
    July 2012
    June 2012
    May 2012
    April 2012
    March 2012
    February 2012
    January 2012
    December 2011
    November 2011
    October 2011
    September 2011
    August 2011
    July 2011
    June 2011
    May 2011
    March 2011
    January 2011
    December 2010
    November 2010
    October 2010
    September 2010
    August 2010
    June 2010
    May 2010
    April 2010
    March 2010
    November 2009

    RSS Feed

Powered by Create your own unique website with customizable templates.