Seven Benefits and Outcomes of The Risk IT framework

The Risk IT framework addresses many issues enterprises face today, notably their need for:

1. An accurate view of current and near-future IT-related risks throughout the extended enterprise and the success with which the enterprise is addressing IT risk

2. End-to-end guidance on how to manage IT-related risks, beyond both purely technical control measures and security

3. Understanding of how to capitalise on an investment made in an IT internal control system already in place to manage IT-related risk

4. When assessing and managing IT risk, integration with the overall risk and compliance structures within the enterprise

5. A common framework/language to help manage the relationship amongst executive decision makers (board/senior management), the chief information officer (CIO) and enterprise risk management, or between auditors and management

6. Promotion of risk responsibility and its acceptance throughout the enterprise

7. A complete risk profile to better understand risk, so as to better utilise company resources