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Darren Thomson | July 23rd, 2007
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Most IT execs today would love a crystal ball to take the guesswork out of their jobs. Imagine the ability to get a clear picture of the risks most likely to impact the organization in the months and years to come. Not only would IT managers use it to predict risks related to a broad spectrum of topics, it would also have the attention of senior-level executives. Organizations are keenly aware of their dependence on IT for effective business operations – no longer can the business side of the enterprise sit back and rely on technology to do its job.

However, IT risk is an area where many organizations don’t often understand the size of the problem. Some IT execs understand the issue, but where do they go next? Sitting around and waiting for the answers to materialize in the crystal ball can’t be the best solution.

The first step is for organizations to conduct a comprehensive (but digestible and cost-effective) risk assessment, a review that identifies,...