TechRisk Management - Foundation
A Manager’s Guide to Technology Risk Management
In this “information Age” organisations are highly dependent on Information Technology (IT). Technological advancements have transformed traditional business models and given rise to new capabilities to delivering products and services.
While technology and digital solutions are a fundamental enabler of organisations in the 21st century, the accompanying opportunities and risks require managing.
You will learn the key Technology Risk Management concepts and principles in a straightforward and pragmatic way.
By equipping you with the necessary knowledge and skills, this course empowers you to guide your organisation towards optimising the technology and cyber risks it encounter.
Invest in managing your technology opportunities and risks efficiently
**NEW: Vital Advisory is proud to bring our new business initiative: Vital Learning Edge. This new business will be the home of our Training operations – so if you’re looking to get yourself the EDGE and gain knowledge and certification – head on over to our new business page for more information!
Our course is designed to provide participants with a better understanding and proactive approach to managing technology-enabled opportunities and risks. This course equips you with necessary knowledge to guide your organisation to navigate the complexities of the digital age with confidence and resilience.
The course includes methods and insights which will reward experienced risk, assurance, and compliance professionals.
The course includes a Foundation Certificate exam.
The first of its kind, Vital Advisory’s TechRisk Management Foundation training is designed to assist:
+ Business leaders and executives
+ IT executives and leaders
+ Enterprise Risk professionals
+ Internal Audit and Compliance professionals
+ Information and Cyber Security professionals
+ Founders or Senior Leadership team of Technology Companies
+ Anyone intending to pursue a career in TechRisk Management
Why attend this training
Training backed by experience
Our trainers have extensive experience in developing and delivering TechRisk Management capabilities with organisations of all sizes. They will facilitate interactive sessions during this training where participants are encouraged to discuss and explore their TechRisk management challenges and build potential solutions.
Getting the right balance between opportunity and risk
Managing positive risks or opportunities is easier said than done. The negative connotation to the word ‘risk’ itself is one of the risk management implementation challenges. This training will equip you with techniques and capabilities that help you change the narrative about and approach towards TechRisk Management.
Best practices simplified. Business benefits delivered.
Managing the technology risk lifecycle of your organisation is a continuous process, requiring seasoned expertise in risk methodology, business strategy and organisational change. Our Technology Success Management Framework™ (TSMF) offers outcomes greater than the sum of its parts by integrating and unifying concepts and components from multiple international best practices into an integrated operating model. You will learn proven strategies to reduce overheads, complexity, and to manage competing technology compliance and risk management priorities.
PARI One-pagers™
Implementing and (especially) maintaining a compliance or certification program can be a time-consuming, complex, and costly exercise. Our ‘on-a-page’ approach can simplify and ease the maintenance of your multiple management systems. You will learn how to efficiently maintain and continuously improve day-to-day business practice using our PARI One-pagers ™ and (re)focus management system capabilities to realise the expected business outcomes.
Course Content
Part 1: What is TechRisk Management?
+ Key concepts and Principles of TechRisk Management
+ How TechRisks differ from other types of Enterprise Risks, especially Cybersecurity Risks
+ Challenges in managing technology and cyber security risks
+ Drivers and benefits of managing technology risks effectively
+ IT Risk Management Myth Busters
+ Changing the narrative about and approach towards TechRisk ManagementPart 2: Why manage technology risks in a structured way?
+ Understanding the business and its objectives in the context of TechRisk Management
+ Risk management and TechRisk management frameworks and approaches (including ISO 31000, COSO ERM, COBIT 2019, COBIT 5 for Risk, and ISO27001)
+ Emerging trends in Operational Resilience and Technology Risk Management
+ Introduction to risk culture and understanding it’s importance whilst managing TechRisksPart 3: What does TechRisk Management involve?
+ The Role of a TechRisk Management in an organisation
+ Expressing TechRisk assessment and acceptance criteria in business terms
+ Establishing effective risk governance – roles, responsibilities, and authorities (incl 3LOD)
+ Skills, knowledge, and competence requirements for TechRisk Management
+ The role and composition of a TechRisk Function
+ Integration of TechRisk Management with Enterprise Risk Management and Cybersecurity Risk ManagementPart 4: TechRisk Management Processes
+ Introduction to risk management processes
+ Identifying ‘key’ risk scenarios
+ Assessing risks
+ Evaluating and treating risks
+ Assigning risk and control ownership
+ Risk reporting and monitoring
+ Using a TechRisk Management Framework (TRMF) to manage TechRisk Capabilities and ProcessesPart 5: TechRisk Management Foundation Exam
+ 50-minute duration
+ Virtual closed book exam
+ 50 multiple choice questions (MCQ)
+ 60%+ score to pass
Our training brochure
If you’d like to discuss our TechRisk Management Foundation training,
please contact Vital Learning Edge on +61 432 148 689.
How will I benefit
Organisational leaders
+ Better understanding of how you can play in setting the positive risk (opportunities) management tone at the top.
+ Explore contemporary approaches to performance and conformance reporting by IT and Information Security teams that can facilitate informed decision-making.IT management
+ Better understanding of how to approach technology and cyber security risks in a straightforward and pragmatic way.
+ Enhancing technology risk-related communication to business decision-makers.
+ Better understanding of options to integrate best practices, to avoid redundant practices, and capability ownership/responsibilities blind spots.Enterprise risk function
+ Understanding options to align technology and cyber security risk management for improving operational resilience.
+ Understanding the need for automation and workflow options to bring efficiency in achieving external compliance obligations, especially cyber security.Information or cyber security function
+ Understanding how communicate technology and cyber security risk management roles, responsibilities & authorities.
+ Understanding how to implement three-lines model to improve security posture across all organisaional levels.Chief Finance Officer (CFO) or CPAs
+ Gaining a better view of technology and cyber security risks / opportunities and their financial implication for investment and portfolio management purposes.
Regulators
+ Explore approaches to define technology, data, and cyber security risk management capabilities for regulated entities and, if required, their vendors or service providers.
+ Explore options for establishing reporting mechanisms to generate actionable insights for future policy direction and requirements enhancement.Internal or External Auditors
+ Improved analysis of technology risks and opportunities during audit planning and reports preparation.
+ Better understanding of how to embrace positive risk management approaches in assurance engagements.Insurers
+ Gain a better view of governance and management best practices that deal with technology, data, and cyber security risk management.
+ Better understanding of how to assess technology risks while advising clients on their IT insurance coverage.IT vendors or service providers
+ Improve customer trust and better align capabilities during product and service provision.
+ Support business growth by demonstrating technology and cyber security risk management as a ‘strategic capability.’Founders / Senior leaders of Technology Companies
+ Better understanding of how to implement foundational technology, data, and cyber security risk management capabilities that are scalable and sustainable.
+ Understanding of how to build operational resilience that will fuel business growth and scale up.
Training backed by experience
Our trainers have extensive experience in developing and delivering TechRisk Management capabilities with organisations of all sizes. They will facilitate interactive sessions during this training where participants are encouraged to discuss and explore their TechRisk management challenges and build potential solutions.
Our Trainers:
CONTACT
If you’d like to discuss our TechRisk Management Foundation training, please contact Vital Learning Edge on +61 432 148 689.