Financial Management

This 40 minute recording provides coverage of the 2005 EDUCAUSE Annual Conference Session entitled Chicken or Egg: IT Services or IT Costs.

IT Director.com has published an article, based largely on an earlier report by the Federal Financial Institutions Examination Council (FFIEC) detailing the risks and benifits of institutional deployment of open source software. While dealing largely with conservative financial institutions, the advice and issues raised are of general applicability. The report concludes:

The use of FOSS by financial institutions does not pose risks that are fundamentally different from those presented by the use of proprietary or self-developed software.However, FOSS adoption and usage necessitates some distinctive risk management practices with which institutions must be familiar.