IT Risk Management: Balanced Maturity Can Yield Big Results
Think IT risk management is just about spending money to avoid risks? Think again. Recent research shows that organisations taking a balanced approach to IT risk management maturity have fewer incidents - but also stronger overall IT and business performance - than their competitors. The CIO is in a strong position to use risk management to improve overall business process management. Because senior executives pay close attention to the risk governance process, CIOs can use it to improve risk awareness and make the case for improving the IT foundation. By using the right language - the four A's - to talk about risk and by building balanced maturity to address it, organisations can derive value that goes beyond risk avoidance.