Technology Risk Advisory
Drive strategies to address IT risks and opportunities
Managing the technology risk lifecycle of your organisation is a continuous process, requiring seasoned expertise in risk methodology, business strategy and organisational change.
Vital Advisory offer a tailored Technology Risk service and consultancy to provide you with focused or ongoing support to effectively manage IT risks and opportunities.
Getting the right balance between opportunity and risk
Challenges in managing positive risks
Achieving maturity in managing technology risk can be demanding for organisations of all sizes. Common challenges include:
- Complex and ongoing compliance obligations
- Staff lack experience in risk processes
- IT teams are tasked with responsibilities well beyond their core function
- Heavy reliance upon supplier networks for key IT infrastructure and services
- Rapid change in GRC requirements and priorities
- Poor organisational change management
- Opportunities and disruptions of new technology
Few organisations can afford the experienced in-house capability to effectively manage technology risk and address these issues.
Negative Outcomes
Technology Risk generates negative impacts across organisations:
For Business
- Missed growth opportunities
- Disengaged senior leadership
- Mismatched IT capabilities
- Tick-a-box approach to compliance
- Poor staff engagement with risk
- Project cost blowouts and delays
For IT
- Constant Firefighting
- Underinvestment in strategic IT capabilities
- Service outages
- Security incidents
- BAU over preventative maintenance
- Over-reliance upon service providers
Successful risk management aims to not only reduce the impacts of negative risk, but to make possible the business opportunities from taking positive risks.
Engagement options
Vital Advisory is offered both as an ongoing service and as a limited-period consultancy, allowing you to select the right-size solution for your risk strategy. We provide experienced risk professionals to work with your in-house technology, enterprise risk, compliance, and audit teams to develop and implement the right risk strategy for you.
Full coverage approach
Risk Categories:
Our Risk Management As-a-Service offering covers these key risk categories:
Management and Governance Risks:
+ innovation
+ strategy
+ structure
+ capabilities
+ compliance
Operation and Service Delivery Risk:
+ service management
+ change management
+ outsourcing
Risk Assessment Types:
Risk Management As-a-Service addresses more than just technical risks:
• Program and Project Risk Assessment
+ identifies the challenges to benefits realisation and assists change enablement
• Technology Risk Assessment
+ Application, Technology platform, Emerging technology
Proven Expertise
Vital Advisory provide risk, business and technology professionals with an extensive record of risk and strategy implementations:
- Specialists and trainers in risk management standards with multiple decades of experience and industry credentials across the team
- Assisted numerous client organisations to achieve certification with international risk standards (ISO 30001, ISO 27001) and regulatory compliance requirements
- Vital Advisory understand your business challenges, having worked with a wide range of industries
CONTACT
If you’d like to discuss how Vital Advisory can assist you with achieving your Technology Risk Management goals, please contact us on +61 420 978 258.