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Make risk management a strategic asset

SearchCIO.com.au Staff

No great accomplishment comes without great risk. Unfortunately, too many risk management programs focus so much on potential problems that they restrict their firm's ability to excel. Risk management requires making trade-offs between risk and return, between the risks a company can bear and those it would rather avoid. But IT and business executives have lacked the tools to have meaningful discussions about IT risk management.

In this podcast, author George Westerman offers advice to help you turn IT risk management from a cost of doing business into an enabler of strategic value. He also shares how a framework of four key enterprise risks enables executives to make business decisions about IT risks.

ABOUT WESTERMAN: Westerman is co-author of

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IT Risk: Turning Business Threats Into Competitive Advantage. He is also a research scientist at the MIT Sloan School of Management Center for Information Systems Research and faculty chair for MIT Sloan's executive education course IT for the Non-IT Executive. In addition to writing the 2007 book on IT risk with Gartner Inc.'s Richard Hunter, Westerman's research has appeared in journals such as the MIT Sloan Management Review, Organization Science and MIS Quarterly Executive.

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 Managing IT risk in the enterprise
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