Developing a Common Language About IT Risk

Description

Although IT risk can have wide-ranging business consequences, few executives feel comfortable discussing it. Risk is uncertainty, and addressing IT risk seems to require making sense of complex technical issues. In reality, executive-level trade-offs around IT risk are managerial, not technical. The Four A Framework of Availability, Access, Accuracy and Agility provides a common language you and your IT managers can use to manage IT risks without getting bogged down in technical details. Then you can start to take additional steps ¿ improving the IT foundation, installing a risk governance process and creating a risk-aware culture ¿ to build a capability that increases the returns from your IT risk management investments.