Upcoming IT-related regulations carry costly penalties for an enterprise.
The issuing regulatory agency has a history of weak enforcement.
The IT steering committee should FIRST direct management to:
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A. B. C. D.C.
In this scenario, the IT steering committee is facing the challenge of upcoming IT-related regulations that carry costly penalties for noncompliance. However, the regulatory agency issuing these regulations has a history of weak enforcement. The committee needs to decide on the appropriate first step to address this situation.
A. Update the Enterprise Architecture (EA) Updating the enterprise architecture (EA) is an important activity for any organization, but it may not be the first priority in this particular scenario. EA is a framework that helps organizations align their IT strategy with their business goals and objectives. Updating the EA can provide a holistic view of the IT infrastructure and help identify areas of improvement, but it may not directly address the challenge of complying with upcoming regulations.
B. Perform Benchmarking Activities Benchmarking activities involve comparing an organization's practices with those of other organizations to identify areas of improvement. While benchmarking can be useful, it may not be the first priority in this scenario. Benchmarking can help an organization identify best practices, but it may not provide specific guidance on how to comply with upcoming regulations.
C. Evaluate the Impact of the Emerging Risk Evaluating the impact of the emerging risk is a critical step in addressing this scenario. The IT steering committee should assess the potential impact of noncompliance with upcoming regulations and determine the likelihood of enforcement by the regulatory agency. This assessment can help the committee determine the level of risk the organization faces and develop an appropriate response.
D. Develop Mitigation Plans for Noncompliance Developing mitigation plans for noncompliance is an important step in addressing this scenario, but it may not be the first priority. Mitigation plans involve developing strategies to reduce the likelihood or impact of noncompliance with regulations. Before developing mitigation plans, the IT steering committee should first evaluate the impact of the emerging risk and determine the likelihood of enforcement by the regulatory agency.
Therefore, the correct answer is C. Evaluate the Impact of the Emerging Risk. This step is critical to assess the potential impact of noncompliance with upcoming regulations and determine the likelihood of enforcement by the regulatory agency. Based on this assessment, the IT steering committee can develop appropriate strategies, such as updating the EA and developing mitigation plans, to comply with the regulations and minimize risk.