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Summary and Comments

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Category: 

Introduction

Date: 

1997-03-07 00:00:00

Subject: 

10 Things Businessmen Need to Know About the Problem

Comment: 

This list was prepared by Karl Feilder, a South African programmer and expert in the effects of the Year 2000 Problem on desktop computers. Here he provides a basic outline of the general Y2K problem from the businessman's perspective.

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From: "Karl W. Feilder" > Subject: 10 Things you need to know > Date: Wed, 5 Mar 1997 05:20:06 -0000 > > Thanks to everyone who contributed to the following. The information was > used in The Sunday Times in South Africa last Sunday. > > 10 things you need to know about the year 2000 problem - 1034 days / 33 pay > days to go [on Sunday March 2 1997]. > > Collated by Karl W Feilder of Greenwich Mean Time from responses on year > 2000 mailing list by consultants and end users who are already working on > the problem. > > 1. Don't panic. Historically, 80% of IT projects are late. Although > this project has an immovable deadline, the problem is finite given enough > time and money. Many problems will be hidden until they occur. > > 2. The Domino Effect - your business depends on suppliers and > customers - if they do not address the issue you will be at risk. If you do > not address the issue, some of your customers may not wish to deal with you > any more. > > 3. Directors are liable. This problem is foreseeable. If a director > chooses to ignore this he may be trading negligently and hence liability > for damages may be unlimited. Auditors, bankers and insurers of your > company may withdraw their support for your company if you do not have an > active plan for dealing with the problem. > > 4. There is no silver (magic) bullet. There are some tools that will > help speed up the process, but there is no simple fix. > > 5. This is a business problem based on a technical oversight. The > problem is real, it affects all sizes of companies, and it is bigger than > expected (British Telecom has budgeted 700 Million to fix it and the US > Govt. has budgeted $3.5 Billion). It may affect any computerized system you > use. You do not know what will be affected unless you check every piece of > computerized equipment that touches your life. > > 6. Focus on business survival not IT survival and make a backup plan. > In many cases this may be a paper-based system. Prioritize, and fix what's > most important first. > > 7. Budget now and start work now. Otherwise your bonuses, profits, and > share price will certainly be affected in the future. > > 8. The problem belongs to you. There will be no government handouts > for this issue (they have their own problems) and no one cares as much > about your business as you. > > 9. Your auditors may refuse to sign your annual accounts if you do not > have an active plan in place, which will result in loss of confidence in > your business. > > 10. While you shouldn't bet your business on worthless promises or > documents from your suppliers, it is valuable to force them into activity. > > Karl W. Feilder, > Greenwich Mean Time > > Dedicated to raising global awareness of PC and client/server Year 2000 issues


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