ISACA Los Angeles Chapter
Presents

Scenario Analysis – The Heart of Risk Management
Hosted by Ernst & Young, LLP 

Date: Wednesday – Thursday, June 13-14, 2012 – 14 CPE hours for 2 days

Time: 8:30 a.m. – 5:00 p.m.

Location: Ernst & Young, Conference Center room 306C - 3rd floor

725 South Figueroa Street, Los Angeles, CA

Efficient and effective management of business risk has become key to driving improved business performance. The more dependent business becomes on IT, the more important IT-related business risk management is to business performance. Yet, too many organizations are wasting too much time and effort on IT risk management while not sufficiently reducing risk to business performance.  

Risk management in “steady state” often wastes 20-40% of time and budget. Organizations in planning stages can easily waste over 50% of their resources in unnecessary churn. Missteps in risk surveys, risk registers/inventories/logs, self-assessments, risk warning indicators, and more at least waste precious resources. Worse, they distract from potentially serious threats and can blind an organization to opportunities.

Risk management begins with the business. Fundamental to risk management is understanding how the business works. How the business works is about a set of business capabilities operating within an environment. This is the foundation of effectively asking “what if?” Asking “what if?” is crucial to understanding the causes of risk, what warning signs to watch and how to design effective responses. Thus, effectively asking “what if?” is the heart of managing risk to business objectives. Asking “what if?” in a thorough way is done through scenario analysis.

Drawing on the instructor’s contributions to ISACA’s Risk IT and COBIT 5, and The Operational Risk Handbook, this workshop is designed to help you learn how to:

• Define an environment, understand the factors in an environment
• Understand types of capabilities, the factors that create capabilities and how to document this in a way that provides the basis for building shared understanding across the business of both the risks and need for risk management
• Understand the dynamics of the risk to the business and engaging the business in managing risk to their business objectives
• Create life-like, realistic stories that are based on real causes in the real world
• Identify key warning signs of unfolding situations
• Identify roots of effective risk responses
• Shape business cases for improvement

 Register early.  Enrollment is limited.

 For more information and to register, go to the Los Angeles ISACA website at http://isacala.org/conference/post-conference-seminar or

Contact David Lowe at This e-mail address is being protected from spambots. You need JavaScript enabled to view it (626) 888-1134.