Gartner Research

CIOs Must Implement a Risk-Based Approach to Improve Business Outcomes

Published: 23 August 2018

ID: G00367820

Analyst(s): Srinath Sampath , Paul Proctor

Summary

For too long, compliance has been the major driving force behind risk management programs. CIOs must implement a risk-based approach instead to address technology risk and cybersecurity issues that impact business outcomes. The Dutch National Police has demonstrated that it can be done effectively.

Table Of Contents
  • Key Challenges

Introduction

Analysis

  • Use a Risk-Based Approach to Improve Business Outcomes
    • Case Study
  • Start and End With Business Outcomes
  • Develop a Risk-Engaged Culture That Supports Transparency
  • Create an Efficient Process That Integrates Subject Matter Expertise and Quickly Delivers a Final Report
  • Explicitly Hand Off Results to Business Stakeholders for Decisions, Risk Acceptance and Accountability
  • Address Auditor/Regulator Concerns When Checklists and Baselines Are Abandoned
  • Reality Check — Applying These Lessons in a Large Enterprise

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