A COSO ERM integrated framework evaluation of it governance risk management

Abstract

The implementation of information technology governance (ITG) risk management is highly imperative for universities due to its numerous advantages in effectively managing risks within the realm of ITG. Regrettably, the current state of TKTI risk management in the Faculty of Economics and Business, Palangka Raya University is suboptimal. The management of TKTI hazards in present circumstances is partially reliant on manual processes, lacking a comprehensive approach and neglecting the utilization of a risk management framework. The lack of organization inside the TKTI system results in increased effort required for the execution of the TKTI maintenance procedure. An illustrative instance pertains to the deployment of an online educational platform within the Covid-19 pandemic, wherein the utilization of applications, information systems, human resources, and networks frequently gives rise to problems. The faults manifest as either human errors or server issues. This study aims to examine the procedure of analyzing and designing Information Technology Governance Risk Management at the Faculty of Economics and Business, Palangka Raya University. The research utilizes the COSO ERM Integrated Framework to generate suggestions for TKTI. The design methodology employed encompasses five out of the eight stages within the risk management framework. These stages include the internal environment, objective setting, event identification, risk assessment, and risk response. The risk management module in question has been constructed utilizing the COSO ERM Integrated Framework. The outcome of this study is a risk management document for TKTI, which facilitates the management and mitigation of risks by the Information Technology and Systems Agency (BTSI) and the Technical Implementation Unit (UPT). This document is designed to address potential events and emerging trends, to prevent significant losses at the Faculty of Economics and Business, Palangka Raya University