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PO9.1 - IT Risk Management Framework

This topic is intended to enable collaboration and sharing of information to facilitate a better understanding and approach to implementing this COBIT control objective based on the risk, value and guidance provided by its corresponding control practices.

COBIT Control Objective PO9.1 - IT Risk Management Framework is contained within Process Popup Assess and Manage IT Risks.

Learn more about COBIT and related publications.

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IT Risk Management Framework

Establish an IT risk management framework that is aligned to the organisation’s (enterprise’s) risk management framework.

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Value Drivers

  • Consistent approach for IT risk management
  • Effective management of IT risks
  • Continuous evaluation of current IT risks and threats to the organisation
  • Broadened IT risk management approach
  Risk Drivers
  • IT risks and business risks managed independently
  • The impact of an IT risk on the business undetected
  • Lack of cost control for risk management
  • Each risk seen as a single threat rather than in an overall context
  • Ineffective support for risk assessment by senior management

View Control Practices  help

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  1. Make sure the IT risk management framework fits with the risk management objectives of the enterprise. Use similar risk classification principles and, wherever possible, classify and manage IT risks in a business-driven hierarchy, for example:
    • Strategic
    • Programme
    • Project
    • Operational
  2. Define standard scales for IT risk assessment, covering impact and probability aligned with the enterprise risk management framework.
  3. Align the IT risk management appetite and tolerance levels with the enterprise risk management framework.

 

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7 May 2012
ISACA International Event
Orlando, Florida, USA
Get the knowledge you need to stay one step ahead of the competition and keep up with changing professional trends at ISACA’s North America CACS Conference.
15 May 2012
ISACA International Event
Washington, DC, USA
4 Jun 2012
ISACA International Event
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12 Jun 2012
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ISACA Training is a unique educational event designed to provide the tools you need to maintain, update and upgrade your skills, and to continue your professional development.
7 Aug 2012
ISACA International Event
Chicago, Illinois, USA
ISACA Training is a unique educational event designed to provide the tools you need to maintain, update and upgrade your skills, and to continue your professional development.

Journal Articles: 657 total

Volume 2, 2019
by ISACA Member and Certification Holder Compliance
Volume 3, 2012
by Ookeditse Kamau, CISA, CIA
Quality evidence collected during the audit process enhances the overall quality of the work performed and significantly reduces audit risk.
Volume 3, 2012
by Steven J. Ross, CISA, CISSP, MBCP
To accelerate investments in security, we security professionals must do a better job of communicating the reality of the threats that our organizations face.
Volume 3, 2012
by Tommie W. Singleton, Ph.D., CISA, CGEIT, CITP, CPA
This two-part article describes one framework for performing effective audits of applications.
Volume 3, 2012
by Robert Findlay, CISA
Robert Findlay has had a 30-year career in a variety of IT roles, including computer operations, programming, project management, IT audit and emergency project management.
Volume 3, 2012
by Steve Markey
Once thought of as a technology solely for academia, non-RDBMS are now reaching critical mass in industry.

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