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For most organizations the IT systems and data they hold are key assets of the business. The successful delivery of IT projects, and indeed any project supported by IT systems, is critical to business performance and success. IT security and resilience is a major factor in business continuity and can have major reputational impacts. Yet IT-related risks are often seen as separate from the core risk management processes of the business.
ARM brings the management of IT risks and opportunities into an enterprise system. ARM means they can be considered in a common financial framework against business objectives, where impacts and investment decisions can be compared accurately against their ROI. IT investments can also be channeled to mitigate the key risks identified by the business.
Another benefit of ARM’s enterprise-wide, web-based risk management system is that the organization is not threatened by having sensitive risk and opportunity information dispersed throughout the company. Risk data held in multiple spreadsheets on individual laptops can easily be lost or stolen. ARM removes this threat with a single secure and auditable system.
ARM monitors compliance with COBIT (Control Objectives for Information and related Technology) frameworks and processes.
