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Having set up an IT risk management program that successfully mitigates key risks and raises the profile of IT risk in the eyes of the business, you have taken a significant step in your evolution as a strategic and proactive IT leader.
Unfortunately, your risk assessment is already outdated. Perform regular health checks to stay on top of the key risks threatening the business – and your reputation.
Our project seizes the momentum you created by building a robust IT risk management program, and creates a process for conducting periodic health checks and embedding ongoing risk management into every aspect of IT.
Our approach keeps the business on board by stressing the financial impact of IT risks as well as opportunities for calculated risk taking revealed through a deep understanding of how IT-related risk impacts the business.
Our focus is on using data to make IT risk assessment less like an art and more like a science. Ongoing data-driven risk management is self-improving and grounded in historical data.
A false sense of security may be your greatest risk. The IT threat landscape is evolving rapidly and won’t wait for you to catch up.
Risk management should be seen and heard. Communicate the dollar value of risk management to keep the business engaged.
The first health check is pivotal. Successfully going through the risk management process the second time around is the difference between IT risk management being perceived as a one-off project and an ongoing program.
Risk management is not checking boxes – you need to be constantly improving. Measuring the effectiveness of your risk management activities is crucial for ensuring that the program lives up to its mandate. It also allows you to communicate a compelling value proposition to senior leadership.
Impact and Result
To prevent your IT risk management program from becoming an artifact, conduct quarterly, biannual, or annual health checks to reassess your risk portfolio and identify new threats and vulnerabilities.
Develop and track metrics to measure the success of IT risk management and illustrate the value of the program to senior leadership.
Create consultant-quality deliverables that inform senior leadership about IT’s risk recommendations, highlighting the potential cost of IT risks and the value created by IT risk projects.
Get better at identifying and assessing IT risk and measure the improvement.
Institutionalize the IT risk management program by consistently engaging key stakeholders within and outside of IT.