Project Management Institute

High Risk

When Uncertainty and Accelerated Business Cycles Unite, Risk Proliferates

When uncertainty and accelerated business cycles unite, risk proliferates. Here's how enterprises are poised to respond.

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of organizations say their overall risk increased in the year ending July 2019.

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have a defined view of the cybersecurity risk tolerances for their organization.

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have processes at the managed or optimized level for risk identification.

Top 3 technologies that increase risk:

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of organizations with a written enterprise-level statement of risk appetite report that defining the appetite for strategic risks is challenging.

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of organizations say they can mitigate a new technology threat or vulnerability within one month.

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can put mitigations in place within three months.

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of organizations say their executive teams are very or extremely responsive to new mitigation tactics after the identification of a new threat or risk.

The tasks companies plan to prioritize by mid-2020:

Enhancing the quality, availability and timeliness of risk data

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Improving risk information systems and technology infrastructure

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Boosting risk management capabilities

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Identifying and managing new and emerging risks

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Attracting and retaining risk management professionals with required skills

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Employing an agile approach

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Increasing the role and involvement of senior management in risk management

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Sources: The State of Enterprise Risk Management 2020, ISACA, CMMI Institute and Infosecurity Group, 2019; Global Risk Management Survey, Deloitte, 2018

This material has been reproduced with the permission of the copyright owner. Unauthorized reproduction of this material is strictly prohibited. For permission to reproduce this material, please contact PMI.

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