PO1.6:

PO 1.6 IT Portfolio Management

Control Objective:

Actively manage with the business the portfolio of IT-enabled investment programs required to achieve specific strategic business objectives by identifying, defining, evaluating, prioritizing, selecting, initiating, managing and controlling programs. This includes clarifying desired business outcomes, ensuring that program objectives support achievement of the outcomes, understanding the full scope of effort required to achieve the outcomes, assigning clear accountability with supporting measures, defining projects within the program, allocating resources and funding, delegating authority, and commissioning required projects at program launch.

Applicability:

Sarbanes-Oxley

HIPAA

GLBA

PCI

FISMA

NIST SP 800-66

Ditscap

Control Exception

User Defined

Risk Association Control Activities:

Implementation Guide:

Process Narrative
Insert a description of the process narration that is applicable to the existing control statement this narrative refers to.

Process Illustration
Insert a process diagram, flowchart or other visual representation here to illustrate the process narrative.

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Control Commentary
Insert a description of the control that is applicable to the existing control statement this commentary refers to.

Control Exception Commentary
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Evidence Archive Location
Insert Evidence Description Here.

Control Status and Auditors Commentary
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Remediation Plan
Insert remediation plan, applicability, or any information that indicates what needs to be done.

Supplemental Information:

ITIL ICT Infrastructure Management.

ITIL Annex 3C, Example of a Communications Plan.

ISO 17799 4.1 A management framework should be established to initiate and control the implementation of information security within the organization. A suitable management forum with management leadership should be established to approve the information security policy, assign security roles and co-ordinate the implementation of security across the organization. If necessary, a source of specialist information security advice should be established and made available within the organization. Contacts with external security specialists should be developed to keep up with industrial trends, monitor standards and security audit assessment methods and provide suitable liaison points when dealing with security incidents. A multi-disciplinary approach to information security should be encouraged, e.g. involving the co-operation and collaboration of managers, users, administrators, application designers, auditors and security staff, and specialist skills in areas such as insurance and risk management.

Implementation guidance
Insert guidance in this section if it helps to elaborate upon the subject matter. Examples of evidence that would help guide the end user is desirable.