PM-9 Risk Management Strategy
Description
An organization-wide risk management strategy includes an expression of the security and privacy risk tolerance for the organization, security and privacy risk mitigation strategies, acceptable risk assessment methodologies, a process for evaluating security and privacy risk across the organization with respect to the organization’s risk tolerance, and approaches for monitoring risk over time. The senior accountable official for risk management (agency head or designated official) aligns information security management processes with strategic, operational, and budgetary planning processes. The risk executive function, led by the senior accountable official for risk management, can facilitate consistent application of the risk management strategy organization-wide. The risk management strategy can be informed by security and privacy risk-related inputs from other sources, both internal and external to the organization, to ensure that the strategy is broad-based and comprehensive. The supply chain risk management strategy described in PM-30 can also provide useful inputs to the organization-wide risk management strategy.
Applicability
The information resource owner, or designee, is responsible for ensuring that the measures described in this Control are implemented. The intended audience for this Control includes, but is not limited to, all information resource owners and custodians.
Implementation
TAMU-CC shall:
- Develops a comprehensive strategy to manage:
- Security risk to organizational operations and assets, individuals, other organizations, the State of Texas, and the Nation associated with the operation and use of organizational systems; and
- Privacy risk to individuals resulting from the authorized processing of personally identifiable information;
- Implement the risk management strategy consistently across the organization; and
- Review and update the risk management strategy annually or as required, to address organizational changes.
Revision History
Last Updated: February 21, 2025
Previous Versions:
- June 29, 2023
- May 31, 2022
- March 25, 2021
- September 16, 2019