IT Risk Management

This course is presented as Live Virtual Training. Click for more details.

Information Technology is a fundamental enabler of business in the 21st century that has transformed business models across the globe. But as well as creating untold opportunities, it has at the same time opened up a whole  new range of business risk that has the potential to cause significant financial, reputational, regulatory, or strategic impact. This risk requires managing.

ALC’s IT Risk Management course is designed to give you a sound understanding and appreciation of IT-enabled opportunity and risk, and to equip you to better guide your organisation toward optimising the IT risks you will encounter.

In just one day you will learn the key IT risk management concepts and principles in a straightforward and pragmatic way. The course includes methods and insights which will reward experienced risk, assurance, and compliance professionals as well as those who may be new to the area.

Learning outcomes

• Understanding the key concepts in Risk Management
• Introduction to opportunity and risk
• Building your IT Risk Management Framework
• Preparing for the next level of implementation or audit training

Who should attend

This course is designed for:

• Business leaders and executives
• IT executives and leaders
• Enterprise Risk professionals
• Internal Audit and compliance professionals
• InfoSec team members interested in expanding their IT Risk knowledge (i.e., beyond cyber risks
• Founders or Senior Leadership team of Technology Companies who are interested in growing their revenue and building brand reputation
• Anyone intending to pursue a career in IT Risk Management

Course contents

1. What is Risk Management?

• Key concepts
• Enterprise Risk vs IT Risk Management
• IT Risk Management frameworks and approaches (Including ISO 31000, COSOERM, COBIT 2019, COBIT5 for Risk and ISO27001)
• Introduction to risk culture

2. Why Manage IT Risk in a structured way?

• Challenges with IT Risk Management
• Drivers and benefits of managing IT Risk effectively
• Understanding the business and its objectives in the context of IT Risk Management
• IT Risk Myth Busters

3. What does IT Risk Management involve?

• The Role of IT Risk Management in the organisation
• Expressing IT Risk assessment and acceptance criteria in business terms
• Establishing effective risk governance –roles, responsibilities, and authorities (incl3LOD)
• Skills, knowledge, and competence requirements for IT Risk Management
• Introduction to the Risk Management processes
• Using an IT Risk Management Framework to manage IT Risk capabilities and processes
• Assigning risk and control ownership
• The role and composition of an IT Risk Function
• Integration of IT Risk Management with Enterprise Risk Management and Cybersecurity Risk Management

4. IT Risk Management Processes

• Identifying ‘key’ risk scenarios
• Assessing risks
• Evaluating and treating risks
• Risk reporting and monitoring

Course fees

Fees per Person

IT Risk Management – A Manager’s Guide

• $700 + GST

Fees include:

• Course presentation
• Course workbook

*There is no exam associated with this course. However we are able to provide a certificate of attendance on request.