Use this tool to:

  • Conduct a deeper analysis of top risks.
  • Determine specific probability and financial impact values to communicate the severity of the risk in the expected cost.
  • Identify the maximum financial impact that the risk event may inflict.
  • Assess the effectiveness of multiple risk responses for each risk event.
  • Determine how proposed risk events will change the probability of occurrence and financial impact of the risk event.
  • Incorporate risk proximity into your cost-benefit analysis of risk responses.
  • Illustrate how spending decisions will impact the expected cost of the risk event over time.

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Build a Business-Driven IT Risk Management Program

Hope is not a risk management strategy.


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