The Risk Management Steering Committee (RMSC) is an excellent tool to make the business accountable for the identification, assessment, mitigation, and communication of risk. Without a charter to control this committee, the IT department could find the rest of the enterprise contributing ineffectively to the risk management process.
This charter template outlines the key responsibilities of the Risk Management Steering Committee:
- Providing risk management leadership for IT through the alignment of IT strategic objectives and activities with enterprise strategic objectives, and processes.
- Prioritizing IT risk exposures and thresholds, and resolving resource allocation issues based on risk prioritization.
- Ensuring optimal risk management through service target measurements.
- Ensuring open communication between the IT department, and the other functional units to promote collaborative risk management.
Use this template to draft a Risk Management Steering Committee charter, and keep the business and IT on track.