Discrete risk management processes within an enterprise (CRISC)

What to read first: Discrete risk management processes within an enterprise (supplement for risk specialists)

For CRISC candidates (ISACA): This series assumes you have specialist interest in risk management theory, and that you have a copy of the CRISC Study Guide.

The CRISC Review Manual does not discuss the possibility of discrete risk management processes within a single enterprise. There is implicit support for a discrete risk management process for ICT, which may be independent of enterprise or business risk management.

The relationship between the two levels of risk management is not explained clearly in the Review Manual. Enterprise Risk Management is referenced in the Review Manual at Part I, Domain 1, I IT Risk Identification and Assessment, section 3.

Possibly the most relevant section of the Review Manual is Part I, Domain 1, I IT Risk Identification and Assessment, section 4 Methods/Frameworks for Describing IT Risk in Business Terms.


Parent articles

Discrete risk management processes within an enterprise (supplement for risk specialists)

Seen it all: This series assumes you know risk terms and concepts. It includes references to standards.

Vocabulary for ‘risk management process’

Clear Lines on Audit and Risk uses the term ‘discrete risk management process’ to refer to an identifiable application of risk management that has a defined context and scope. A discrete risk management process would typically have its own risk register. It may also have its own risk criteria.

Seen it all: This series assumes you know risk terms and concepts. It includes references to standards.

COSO and ISO 31000 on discrete risk management processes

COSO ERM and ISO 31000 do not recognise discrete risk management processes within an enterprise.

Seen it all: This series assumes you know risk terms and concepts. It includes references to standards.

ERM and discrete risk management processes

ERM may try to recognise all risks everywhere, or just high level risks. Trying to recognise all risks in ERM may be easier with many discrete risk management processes.

Seen it all: This series assumes you know risk terms and concepts. It includes references to standards.

Index to the topic Discrete risk management processes within an enterprise

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