Manage Risks by Assessing Them

Mike Donoghue is a member of a multinational information technology corporation where he collaborates on the communications guidelines and customer relationship strategies affecting the interactions with internal and external clients. He has analyzed, defined, designed and overseen processes for various engagements including product usability and customer satisfaction, best practice enterprise standardization, relationship/branding structures, and distribution effectiveness and direction. He has also established corporate library solutions to provide frameworks for sales, marketing, training, and support divisions.

  Business Analysis   Risk Management  

To properly manage risks in an IT environment, there needs to be an analysis process to determine just what kind of exposure you may potentially experience. As a component of the larger-scale definitions of risk management, an IT-based analysis process is more focused on how information technology is integrated within an organization and how its workings directly affect business operations. This includes issues of day-to-day and future performance, how technology is deployed, how it is adopted and how it can guide decisions.

Because IT risks are tech-based, they are constantly evolving creatures. As a result, they require an adaptive method to address not only business and industry changes, but challenges and threats that stem from all sorts of equipment and software transformations and advances. Hacks, viruses, leaks, incursions and breaches of all sorts have become the de rigueur risks of doing business as opposed to those simpler ones from days gone by (like having sufficient equipment bandwidth to perform everyday operations).

To manage all these risks requires a way in which to identify them and determine how each item's value can be balanced against its own productivity, expenses and benefit—creating an understanding of how each impacts you and how to adjust to or address those risks.

To help determine your vulnerability, it is necessary to review your …

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