Program Risk and Stakeholders

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Time
3 hours 43 minutes
Difficulty
Intermediate
CEU/CPE
4
Video Transcription
00:00
the program risk and stakeholders should also be a part of your co bit business case.
00:05
In this video, we're going to talk about the risk of the program and how stakeholders will be addressed in a Copa business case.
00:14
You should include the potential types of risk to the successful initiation and ongoing success of the ICTY governance program.
00:23
Some examples include the lack of management buy in, which could result in less resource is time, budget and personnel toe. Actually implement a successful governance program.
00:33
The lack of company wide by and could be useless governance and management measures that are not being adhered to or utilized by the people.
00:43
A siloed governance program could result in certain business units that are required for success being isolated in its I t use or the I T department being siloed, which really becomes a waste of time. Resource is, and it can increase risk and even more.
00:59
For example, if Corporation X had a siloed governance program, it could mean that Onley certain business units are adopting the new technologies, while other units that are also cardinal for success have not adopted these technologies, which results in the loss of a competitive advantage in the market and an overall increased risk
01:19
include high level mitigation measures for the aforementioned types of risk.
01:23
Examples of mitigation measures could include ongoing management commitment to the governance program,
01:29
active participation company, wide
01:32
training and incentive programs, and integrating that governance program with other initiatives to safeguard against isolation.
01:45
You should also include the different stakeholders that will be integral to your i T governance program.
01:49
Point out who the different stakeholders will be.
01:52
It's essential to call out the different entities that are necessary for the implementation and completion of this program.
01:59
Executive should know and understand who will be involved for the design, implementation and overall success of this initiative.
02:07
This can also give them a new idea of the time cost and resource is that air required
02:13
examples of stakeholders can be a risk committee. I t Executive committee governance team compliance staff, internal audit services etcetera
02:23
include what the's stakeholders must provide.
02:25
For example, it could be the overall guidance of the program and acceptance of whether this program does what it sets out to Dio.
02:34
Let's take Corporation X as an example.
02:37
The stakeholders could be the risk Committee I T Executive committee and they must provide guidance of the program to ensure that it is optimizing risk while remaining competitive in its industry.
02:49
Finally, after the program is implemented, they will provide acceptance of whether it realizes the business goals or what needs to be improved upon before granting acceptance.
03:00
So who would your stakeholders be
03:06
to summarize the elements of program risk? Portion of a business case and stakeholders were addressed in this video.
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