The Most Beneficial Aspect of Utilizing an IT Risk Management Framework

B.

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The MOST beneficial aspect of utilizing an IT risk management framework is that it enables a consistent approach to risk management (option C).

Explanation: An IT risk management framework provides a structured and systematic approach to managing risks associated with information technology within an organization. It establishes a set of processes, procedures, and guidelines to identify, assess, mitigate, and monitor IT-related risks.

Option A states that utilizing an IT risk management framework addresses a lack of data in risk reporting. While this may be a benefit of implementing a framework, it is not the MOST beneficial aspect. The primary focus of an IT risk management framework is to provide a structured approach to managing risks, rather than solely addressing data deficiencies in risk reporting.

Option B suggests that the framework facilitates the identification of technologies posing the greatest risk to IT. While this can be a valuable outcome of using a risk management framework, it is not the MOST beneficial aspect. The framework's primary purpose is to provide a consistent approach to risk management, including the identification, assessment, and mitigation of risks, rather than specifically targeting the identification of risky technologies.

Option D mentions that utilizing an IT risk management framework drives inclusion of the technology function in enterprise risk management. While this can be a valuable outcome, it is not the MOST beneficial aspect. The framework's primary focus is on managing IT-related risks, and while it promotes collaboration and integration with enterprise risk management, its primary goal is not solely centered on the inclusion of the technology function.

Option C, enabling a consistent approach to risk management, is the MOST beneficial aspect of utilizing an IT risk management framework. By providing a structured and consistent methodology, the framework ensures that risks are identified, assessed, and managed consistently across the organization. This consistency leads to a more effective and efficient risk management process, enabling better decision-making, allocation of resources, and mitigation strategies. It also helps establish a common language and understanding of risks, promoting communication and collaboration among stakeholders. Overall, the consistent approach to risk management is the key benefit of implementing an IT risk management framework.