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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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Documents & Publications: 239 total

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Events & Online Learning: 10 total

24 Sep 2012
ISACA International Event
Chicago, IL, USA
22 Apr 2013
ISACA International Event
Chicago, IL, USA
10 Jun 2013
ISACA International Event
Berlin, Germany
Early bird deadline has been extended: save over US $350 when you register by 1 May. Learn from industry-leading IT experts at Insights 2013. This is a unique opportunity to discover revolutionary new ideas at the world’s premier business event.
17 Jun 2013
ISACA International Event
Parsippany, NJ, USA

Journal Articles: 500 total

Volume 3, 2013
by Santhosh Patil
Health care spending is a key component of any industrialized nation’s economy.
Volume 3, 2013
by Larry G. Wlosinski, CISA, CISM, CRISC, CAP, CDP, CISSP, ITIL
How will an organization’s information security staff be affected if the organization’s computer systems are moved to a cloud environment?
Volume 3, 2013
by Steven J. Ross, CISA, CISSP, MBCP
Ever since humankind built walls around its fortresses and towns, attackers have built ladders to climb over the walls.
Volume 3, 2013
by Andrew Hay
The PCI Security Standards Council’s Special Interest Group for Cloud released its much-anticipated guidance for securing Software, Platform and Infrastructure as a Service (SaaS, PaaS and IaaS) cloud servers.
Volume 3, 2013
by Steven DeFino and Larry Greenblatt | Reviewed by Dauda Sule, CISA
This Guide is targeted toward individuals who wish to attain the Certified Ethical Hacker (CEH) certification.
Volume 3, 2013
by Dan Bogdanov, Ph.D., and Aivo Kalu, Ph.D., CISA
A cloud is a remote-access platform; thus, technical controls that remotely enforce a particular security policy are especially efficient.

Wikis: 2 total

Blog Posts: 219 total

Resumen El imparable crecimiento de internet en el mundo, y la integración de los diversos sistemas informáticos conectados a la red de Internet han hecho que la Seguridad de la Información alcance un papel de suma importancia actualmente. Desde el moment...
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A recent publication in a local newspaper, indicated that an employee was charged with fraud with regards to claims of insurance payments that were lodged with the company were paid out to people who were not entitled to receive such payments. What po...
Posted By : Paulina.PNI | 1 comments
(By: William Darío Ávila Díaz, PhD)A new tool to combat Internet crime is now a reality thanks to an agreement signed by thirty countries, where they commit to the creation of international legislation attached to the local laws of each of the nations. Th...
Posted By : William733 | 2 comments
Check out the video interview with Jack Danahy on the 2013 Global Reputational Risk and IT Study and please leaving your ratings and feedback on the video landing page. https://ibm.biz/Bdxb3k
Posted By : Calvin Powers | 0 comments
Grupos de Estudio para Acreditaciones de JUNIO, SEPTIEMBRE Y DICIEMBRE 2013. Para los que esten interesados en la presentación del exámen de certificación CISA y CISM  o para cualquiera que desee comenzar a prepararse para estas o las próximas pruebas, pu...
Posted By : Alexander Osorio | 0 comments
Hoy les comentaré de OpenSSL que es una herramienta muy flexible, que proporciona muchos módulos cada uno de los cuales realiza una tarea específica. Cada módulo no es un ejecutable separado sin embargo se selecciona con el primer parámetro del ejecut...
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