SAS 70

Dec 23 2008   7:02AM GMT

Risk Management in times of adversity – SAS70

Keith Harrell Profile: SAS70ExPERT

In these troubled times, are you ready? Is your IT budget aligned with your projected revenues? Do you have appropriate staffing or must you outsource? Have you requested your outsourced provider to perform a SAS 70 audit? Mr CIO, you must be ready in order to manage successfully.

Wikipedia states: ” The objective of risk management is to reduce different risks related to a preselected domain to an accepable level. It may refer to numerous types of threats caused by environment, technology, humans, organizations and politics.

Risk management is a structured approach to managing uncertainty related to a threat, a sequence of human activities including: risk assessment, strategies development to manage it, and mitigation of risk using managerial resources.

The strategies include transferring the risk to another party, avoiding the risk, reducing the negative effect of the risk, and accepting some or all of the consequences of a particular risk.”

What is your risk management strategy? sas70expert@gmail.com

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