A regional business unit of a major financial institution is considering the use of a Software as a Service (SaaS) cloud vendor to implement a new system.
Which of the following should be performed FIRST?
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A. B. C. D.D.
When a regional business unit of a major financial institution considers using a Software as a Service (SaaS) cloud vendor to implement a new system, the FIRST thing that should be performed is to develop a business case.
A business case is a document that outlines the justification for the investment in a project. It provides a clear understanding of the expected benefits, risks, and costs of the project, and how it aligns with the organization's goals and objectives. Developing a business case is essential because it helps the organization to determine whether the investment in the project is viable and worthwhile.
Before updating the outsourcing policy, investigating on-premise software solutions, or determining if the cloud vendor has a secure data center, the organization needs to have a clear understanding of the benefits and risks associated with the new system. Developing a business case helps to achieve this understanding and provides a framework for evaluating the different options available.
Once a business case has been developed, the organization can then update the outsourcing policy, investigate on-premise software solutions, and determine if the cloud vendor has a secure data center. These steps are important to ensure that the organization is making informed decisions about the new system and that the system is implemented securely and effectively.
In summary, the FIRST thing that should be performed when a regional business unit of a major financial institution considers using a Software as a Service (SaaS) cloud vendor to implement a new system is to develop a business case. This helps the organization to understand the benefits and risks associated with the new system and provides a framework for evaluating different options. Updating the outsourcing policy, investigating on-premise software solutions, and determining if the cloud vendor has a secure data center are important steps that should be taken after developing a business case.