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World Class Operations

Risk Management

Enable your enterprise to monitor threats and determine if there is a need to mitigate

Immature or non-existent risk management causes:

Poor understanding of the exposures caused by risk scenarios
Increased cost of IT non-compliance, including settlements and fines
Larger number of IT-related non-compliance issues reported to the board
Inappropriate decisions made in the absence of sufficient risk information
Poor response resulting in an increased magnitude of loss from IT-related events

A formalized risk management process results in:

Comprehensive risk catalog and awareness of risk scenarios
Reduced number of IT-related non-compliance issues
Appropriate actions taken to minimize or remove risk scenarios
A shared understanding of appropriate risk tolerance
Appropriate response plans that minimize the impact when risk incidents occur

Here's How: 5 Days Custom to you

	Day 1	Day 2	Day 3	Day 4	Day 5
	Risk Management Workshop
8 AM	Risk Scenarios Determine the enterprise's historical and current environmental information and the risks it faces Risk Event Data Collection Form Comprehensive Risk Event List	Determine Risk Severity Determine the severity of risks encountered and establish a catalog of those risk scenarios Risk Profile Tool Risk Severity Definitions Risk Scores	Build the Risk Profile Maintain a record of risk events, scenarios, and their impact on the business Prioritized List of Risk Projects Risk Project Proposal Form	Take Action Towards Risk Determine high exposure risks that require remediation and determine areas where risk can be reduced Risk Responsibility Form Risk Reports Risk Project Proposal Forms Risk Control Lists	Report & Communicate Risk Inventory current risk controls in place, determine who's accountable for what risks, and track risk reductions projects Risk Project Portfolio Form
9 AM
10 AM
11 AM
12 PM
1 PM
2 PM
3 PM
4 PM

WHY IMPROVE
GET IT DONE IN A WEEK
KEY DELIVERABLES
OUR EXPERTS

Book A Workshop

Our Risk Management Workshop has one goal: provide clear, measurable improvements to your current IT Risk Management Process.

We use the knowledge of your team and our Experienced Analysts to focus on critical performance issues and find cost-effective, high-impact solutions for quick implementation.

View Workshop Outline

OR

Use the Research

Our Risk Management Research is designed to enable you to make yourself World Class. We do this by:

Breaking down Risk Management into digestible steps
Providing actionable instructions to complete each step
Provide all the strategy tools and templates you need

We recommend that you do all the modules to start building your Risk Management Program.

Talk to our Team

Module 1: Risk Scenarios

1.1 Understand Current State & Set Goals		1.2 Establish Risk Scenarios

Build the organizational chart to identify roles and positions		Introduce the Risk Catalogue

Establish expectations for the workshop		Identify Risk Scenarios related to the organization's situation

Understand the organization's current situation, risk-related and otherwise

Build the agenda

Address any up-front concerns

Module 2: Determine Risk Severity

2.1 Populate the Risk Profile Tool	2.2 Set Risk Severity Thresholds	2.3 Determine Initial Risk Scores

Fill in Risk Events in the Risk Profile Tool	Establish an understanding of Risk Severity Thresholds	Apply impact thresholds to listed Risk Events

Determine Risk Categories that apply to each Risk Event	Set impact thresholds for cost/benefit risks, program/project risks, and operation/service risks	Apply likelihood thresholds to listed Risk Events

	Set likelihood thresholds for cost/benefit risks, program/project risks, and operation/service risks	Determine Initial Risk Score

Module 3: Build the Risk Profile

3.1 Determine Mitigating & Contributing Factors Towards Risk		3.2 Assign Responsibility to Risks

Understand contributing factors that prevent response to risk		Identify IT resources to respond to particular risks

Identify mitigating factors to improve risks		Assign business resources responsible for risks

Determine resources required to correct the risk		Formalize responsibility with Risk Management Accountability Form

Identify residual risk that may still be present after mitigation

Module 4: Take Action Towards Risk

4.1 Formalize Data Collection Methods	4.2 Develop a Risk Management Program	4.3 Identify Risk Controls	4.4 Establish Risk Response Projects

Understand what data to collect	Establish Risk Management Steering Committee (RMSC)	Identify tactical risk controls	Determine the Risk Action to be Taken against each risk event

Determine who is responsible for data collection	Determine who is on the RMSC	Identify strategic risk controls	Identify follow-up actions required

Formalize with Risk Data Collection Form	Identify RMSC responsibilities	Document all risk controls in the Risk Management Program Manual	Document planned projects with the Project Request Form

Aggregate data into Risk Profile Tool	Determine when RMSC will meet

Module 5: Report & Communicate Risk

5.1 Develop Processes for Reporting & Dashboarding Risks	5.2 Establish a Risk Communication Plan	5.3 Understand the Risk Management Program Manual

Understand your risk events at a high level with dashboards	Identify key stakeholders with whom to communicate the risk management program	Review Risk Management Program Manual

Track risks in detail with Risk Reporting	Complete the Risk Communication Plan for presentation to stakeholders	Identify gaps and fill them

Visitors Edition
Already a member? Sign In.

Membership Help?

World Class Operations

Enable your enterprise to monitor threats and determine if there is a need to mitigate

Immature or non-existent risk management causes:

A formalized risk management process results in:

Here's How: 5 Days Custom to you

Risk Management Workshop Primary Deliverable

Our Risk Practice Leads

Book A Workshop

OR

Use the Research

Risk Management Workshop Outline

Module 1: Risk Scenarios

Module 2: Determine Risk Severity

Module 3: Build the Risk Profile

Module 4: Take Action Towards Risk

Module 5: Report & Communicate Risk

Book Now

Visitors Edition Already a member? Sign In.

Membership Help?

World Class Operations

Enable your enterprise to monitor threats and determine if there is a need to mitigate

Immature or non-existent risk management causes:

A formalized risk management process results in:

Here's How: 5 Days Custom to you

Risk Management Workshop Primary Deliverable

Our Risk Practice Leads

Book A Workshop

OR

Use the Research

Risk Management Workshop Outline

Module 1: Risk Scenarios

Module 2: Determine Risk Severity

Module 3: Build the Risk Profile

Module 4: Take Action Towards Risk

Module 5: Report & Communicate Risk

Visitors Edition
Already a member? Sign In.