Developing a Common Language About IT Risk Management
Author(s)Westerman, George; Hunter, Richard
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Although IT risks can have wide-ranging business consequences, few executives feel comfortable discussing IT risk management. It doesn’t have to be this way. Executive-level tradeoffs around IT risk are managerial, not technical. The Four A Framework of Availability, Access, Accuracy, and Agility risks provides a common language that business and IT managers can use to manage IT risks without getting bogged down in technical complexity. Then you can build a risk management capability—by improving the IT foundation, installing a risk governance process, and creating a risk aware culture—that increases the returns from your IT risk management investments.
Alfred P. Sloan School of Management, Massachusetts Institute of Technology; Cambridge, MA
MIT Sloan School of Management Working Paper;4933-11CISR Working Paper;377
IT risk, Non-IT executive viewpoint, IT governance, alignment, oversight, risk aware culture, architecture, business continuity, security, agility, regulatory compliance, privacy
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