Risk Management Framework

Overview

IANS’ Risk Management Framework assists your organization in coordinating the endeavors of a distributed set of risk stakeholders. While this interactive framework originated out of years of research, IANS tailors each engagement to suit your organization’s needs. You will learn to harmonize critical business and technology processes and develop a common methodology for categorizing and reporting on risk and risk drivers.

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Key Deliverables

  • Governance portion of the framework: IANS will deliver a written charter for a functional Risk Management Working Group. This group would be charged with reviewing reported risks, validating risk mitigations, reviewing plans to address open risks, escalating issues where risks are not properly assigned ownership, and tracking risks where mitigation actions are overdue.
  • Maintenance portion of the framework: A tool used for tracking the status of risks that are owned, assigned, pending assignment, mitigated, pending mitigation, and closed.
  • Oversight portion of the framework: A reporting tool for presenting periodic reports to management and other identified stakeholders.

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Benefits

  • Perform risk assessments based on an industry standard methodology.
  • Train distributed team members to conduct risk assessments.
  • Classify the results of risk assessments consistently.
  • Create consolidated risk inventories.
  • Deliver risk reporting to business units and stakeholders.
  • Learn from other organizations’ successes and failures in their efforts to understand and address their risk profile.

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