IT Risk Management Framework Essay - 1001 Words

4.3 PO9 Assess and Manage IT risks 4.3.1 PO9.1 IT risk management framework IT risk management framework is a necessary framework for every successful enterprise. So the City Medical Partners also need their own IT risk management framework. IT risk management framework can avoid the future risks and it also can gain the benefits. And the IT risk management framework need to fit with the risk management objectives of the enterprise - City Medical Partners. The example for risk classifications: Strategic Programme Project Operational The new risks must be recorded. So if the same risk is happened again, then people can handle it efficiently and effectively. 4.3.2 PO9.2 Establishment of risk context Establish†¦show more content†¦City Medical Cancer Centre: the unit that risk assessment is informal. Such as the IT director - Barbara Winton, she acts as two positions. City Medical Kids Centre: the unit that focus on delivery of service includes principal of each units. City Medical School: for this unit, it doesn’t require the risk assessment. Such as the IT director – Dr. Antonio, he think the risk assessment is not necessary at this time. City Medical Research: this unit doesn’t need to perform the risk assessment, because the IT director acts as a researcher at the same time. 4.3.5 PO9.5 Risk response The enterprise - City Medical Partners needs to understand the risks. They also need to know about how risks cause the negative impact on the operations. And City Medical Partners need to reduce the chance of occurrence of the risks. Such as Lisa Alott said:† I had told David that we probably could save USD $1 billion per year if we were to integrate and virtualise these disparate systems†. 4.3.6 PO9.6 Maintenance and monitoring of risk action plan The City Medical Centre should implement the monitoring of the risk action plan. It allows the organization to make the risks clearly. And it can also check the current risk are incomplete or complete. 4.4 ME4 - Provide IT governance 4.4.1 ME4.1 Establish of an IT governance framework TheShow MoreRelatedRisk Management Process : Erm Frameworks, Risk Identification, And Tolerance1245 Words   |  5 Pages Risk Management Process: ERM Frameworks, Risk Identification, and Tolerance Setting up a project makes it necessary that risks that are likely to affect the business are determined. The characteristics of the risks are to be documented. Participants in the risk management process vary, and they include personnel such as end users, customers, risk management team, project team, outside experts, stakeholders and other project managers (Piazza-Waggoner, Adams, Goldfarb, Slater, 2002). 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