Taming Information Technology Risk
October 1, 2011
AVAILABLE TO ALL
A New Framework for Boards of Directors
The many aspects of technology can quickly become overwhelming and confusing. Management and boards need an organized method to convey each aspect in a meaningful and effective way. One such method is the Framework for IT Risk developed by Oliver Wyman. The Framework divides the aspects of IT risk into four categories: competitive risks, execution risks, portfolio risks, and service & security risks. Each category has a defined arena of issues with ways to present information.
NACD and Oliver Wyman recently released a white paper addressing the Framework and its application in the boardroom. The white paper highlights many of the issues and red flags boards should look for when considering IT risk.