Managing IT risk is no easy task, and certainly, no one technology can address all aspects.
Some of this is stewardship with board accountability, like IT risk and IT security.
FORBES: CIO-plus Series: Interview with McKesson's Randy Spratt
Lastly, CIOs must foster collaboration between business staff and IT staff in order to effectively manage IT risk.
And businesses that take advantage of this platform can gain advantages, while those who ignore it risk falling behind.
FORBES: Facebook: Why businesses need to use it - and its new email client
Instead, effectively managing IT risk requires corporate diligence above and beyond regulatory compliance.
One of the consequences of the global recession two years ago is a significant increase in IT risk facing global companies.
But any such group receiving IRS missives is immediately going to become cautious, lest it risk the arbitrary wrath of some tax official.
It may sound paradoxical, but addressing IT risk requires business-level participation.
Once a company understands the risk associated at the business process (or service) level, they can align their business and IT risk priorities, and reduce total risk exposure.
Cutting edge businesses that I have visited in the financial and technology sectors and the Defense Industrial Base (DIB) have developed their own methodologies that turn traditional IT risk management frameworks on their head.
FORBES: There Is No Need For A Cybersecurity Executive Order
In an environment in which an IT risk system is in place, each of the tribal leaders (the heads of the silos), is essentially asked to write down the special knowledge they have about what keeps the system running.
FORBES: Elevating the IT Risk Management Conversation to the Boardroom
The timetable was "not merely challenging but so tight that it may risk endangering the quality", it said.
But Kuwait and Saudi Arabia, the likeliest candidates to provide it, will not risk it without firm American backing.
ECONOMIST: Iraq��s opposition: No aid yet for Saddam’s foes | The
It has no risk because it is your own money, but its term is equal to the time it takes to pay off the loan.
But for the EU, the risk of a country leaving the eurozone has gone away and with it the risk of contagion.
The ones that are most successful are those which undertake a broad analysis of their risk issues and proactively manage that risk, whether it be financial risk or CSR risk.
George Osborne was amongst those who said that that was precisely why he should not make it - the risk was that it would look like another British lecture to a club we'd refused to join.
Establish a board Risk Committee (separate from the Audit Committee) and assign it responsibility for enterprise risk (including IT risks).
FORBES: It's Time For The Security Industry To Step Up And Play Offense
The capital gains tax ought to be reduced or abolished because it dampens risk-taking.
But rather than seeing it as a risk, they saw it as an opportunity.
By analyzing the risk it often becomes clear that the risk is too high.
But it would risk inviting a break-up of what is, at heart, just an old-fashioned conglomerate.
"Productivity should benefit the collective, not put it at risk, " Ferriss told CNN by e-mail.
Because it can make products for several customers at the same park, it spreads risk and overhead.
If Lotus were to leave Norfolk and the UK, it would risk losing access to skills and expertise.
And once again, since the home is used as collateral, a failure to make timely payments can put it at risk.
If Mailbox continues to be a frontend to Gmail, is it at risk of Google changing API rules to thwart competitors?
FORBES: Another Overnight Sensation: Mailbox Is Dropbox's Instagram
Now that the Brazilian company has been granted ownership of the trademark, Apple must stop using it or risk being sued.
Conventional defence systems use one rotating radar unit to find a target and a second to subsequently track it for risk assessment.
应用推荐