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Free Control and Risk Calculator for Information Governance Offered by T2P Research Community

Posted on: Tuesday, 9 June 2009, 02:00 CDT

Online tool provides 'deceptively simple, decidedly serious' support for business information governance and compliance.

SEATTLE, June 9 /PRNewswire/ -- The information governance research community Truth to Power today unveiled the Control & Risk Calculator (CRC), a free online tool for compliance, risk, and audit management. The tool is available at http://www.t2pa.com/crc.

The Control & Risk Calculator supports business efforts to improve internal controls related to information security and privacy, business process management, data management, e-discovery, business continuity, change management, and other information-intensive processes. Effective execution of these controls is critical to meeting both business performance goals and compliance obligations.

Incorporating user inputs and key principles from widely accepted audit, information governance, and risk management standards, the CRC rates factors from control strength to residual-risk severity. These calculations culminate in simple risk-based action recommendations. As a general risk management support tool, the CRC can be used to:

• Record and track existing information controls
• Assess the effectiveness of controls against recognized risk
• Expose gaps in compliance and information governance
• Evaluate the impact of operational and environmental changes on control effectiveness
• Prioritize information governance efforts based on current control conditions

"Risk is complex," said T2P Community Founder Cass Brewer. "Although many frameworks exist to help businesses recognize risk complexity, far fewer resources support risk-sensitive internal-control decisions. The CRC is designed to fill this gap concretely, intelligently, and accessibly."

CRC findings support stronger business processes, technology systems, and data foundations. T2P expects the CRC to be of greatest use to strategic managers, information security managers, and internal auditors who oversee organizational risk and compliance programs.

The CRC is available now at http://www.t2pa.com/crc. Membership in the T2P information governance research community is required for access. There is no charge for T2P membership, which unlocks all T2P research and community resources.

Truth to Power: No-Hype, No-Bias Support for Information Governance

The Control & Risk Calculator exemplifies T2P's mission to support the information governance community with concrete research, tools, and advice. Other useful T2P resources include:

• Original Research Papers and Control Checklists
• The IT Policy Templates Wiki
• The Rules & Standards Hub

T2P resources are independently developed and vendor neutral. Find more information on T2P's spin and bias controls at http://www.t2pa.com/spin-and-bias-controls.

About Truth to Power, LLC.

Founded on the principles of knowledge, utility, credibility, and community, Truth to Power, LLC provides critical information resources for humans and machines. T2P's guiding principles are: 1) To provide genuinely useful, unbiased business research and resources that help businesses reduce operational costs and uncover capital opportunities; 2) To reveal alignment between siloed business disciplines, organizations, frameworks, and practices; and 3) to enable and encourage community members to share practical experience and expertise towards a common good. Membership and resources are free. Be a part of Truth to Power at http://www.t2pa.com/.

SOURCE Truth to Power, LLC

Source: PR Newswire

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