IT Risk Management – IT system risk management

HMS has the expertise and a proven track-record in providing advice and solutions in the field of management of IT risk/IT systems risk.

This specialization enables HMS to assist organizations, who operate in a dynamic and competitive market, to handle uncertainties caused by internal and external elements of risk, which may impair the organization’s profitability and stability.  Moreover, the management of risk in a balanced and conscious way provides the organization with the ability to better handle risk whilst taking into account cost/benefit considerations and organizational  requirements.

Core capabilities:

  • Extensive experience in managing IT projects, particularly in the financial sector.
  • Extensive experience in the carrying out of risk assessment in complex IT arrays.
  • Extensive experience in assisting regulatory bodies to write up regulations in the area of IT management and IT risk.
  • Expertise in implementing standards and regulations in the IT field.
  • Expertise in implementing the world’s leading Best Practice methodologies (COSO), ITIL, COBIT
  • HMS is a body approved by the Ministry of Finance’s Chief Accountant as a provider of services in accordance with the Standardization, Finance and Economy Directive for the management of risk


Main services provided in this field:

  • Setting up of IT Governance arrays
  • Creating reciprocal relations between the management of IT and the management of IT risk within the organization
  • Carrying out risk surveys within IT arrays
  • Providing training on IT methodologies and IT standardization
  • Writing up practice procedures for managing IT arrays
  • Configuring control mechanisms in IT arrays
  • Providing assistance in Project Risk Management
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