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

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

Why Vital Advisory?

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

Efficient Service Delivery

+ Responsive to changing risk
+ Flexible cost / resource arrangements
+ On-demand resources
+ Resources allocated where needed most

Holistic Approach

+ Aligned business, IT, and Cyber Security objectives
+ Leverage both risks and opportunities
+ Balanced focus on IT governance, risk and performance management
+ End-to-End Technology Risk Management (Not just Cyber Security Risks)

Experienced Resources

+ Extensive technology governance implementation history
+ Multi-disciplined – Strategy, Governance, Risk, Technology
+ Ability to work at all levels (Board to technical staff)
+ Access to proven Technology GRC methodologies

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.