IT Governance, Risk, and Compliance

Jul 23 2010   6:25PM GMT

Not-for-profit Risk Management – Part VII

Robert Davis Robert Davis Profile: Robert Davis

Utilizing a maturity model can aid management in identifying risk issues. Procedurally, a maturity model provides a standard means to document and evaluate the state of controls. Collectively, the entity’s not-for-profit managers can contribute to identifying risk issues as well as rate controls — such as policies, procedures, standards, and rules. As for managing risks, it usually is prohibitively expensive to reduce risks to a tolerable level for all potential control weaknesses or deficiencies simultaneously. Therefore, a risk grading system should exist to assist in the evaluation and prioritization of control deployments consistent with the entity’s risk tolerance levels.

View Part I of the Not-for-profit Risk Management series here

 Comment on this Post

There was an error processing your information. Please try again later.
Thanks. We'll let you know when a new response is added.
Send me notifications when other members comment.

Forgot Password

No problem! Submit your e-mail address below. We'll send you an e-mail containing your password.

Your password has been sent to:

Share this item with your network: