Towards a Corporate IT Risk Management Model
New business era inaugurate the information infrastructure as a business backbone and a platform for conducting transactions and economic activities, what makes Information Technology (IT) a key prerequisite and the very basis for any competitive business model. Although IT is taking significant role in businesses with its innovating and supporting potential, it seems that it is least understood company asset. Successful organizations manage IT function in much the same way that they manage their other strategic functions and processes. This in particular means that they understand and manage risks associated with growing IT opportunities as well as critical dependence of many business processes on IT and vice-versa.