How to Make CRQ Work in Your Organization.

Step 1: Identify Your Allies and Stakeholders

We all share a common objective: making better decisions that strengthen your organization’s resilience, profitability, and overall success. CRQ is a powerful tool for achieving this.

Here’s how to identify those you need on board:

• Identify Your Champions: Who in your organization stands to benefit most from CRQ’s insights? Revisit the benefits we discussed on day one. Your champions could be risk management professionals, security leaders, or executives concerned about financial stability.
• Map the Approval Process: Who holds the power to greenlight CRQ implementation? Understanding the approval hierarchy ensures you target the right decision-makers with persuasive arguments.
• Seek Implementation Allies: Beyond approvals, who will be crucial in rolling out CRQ? This could include IT personnel, data analysts, or even department heads responsible for implementing risk mitigation strategies based on CRQ findings.

Think back to the course’s first part. Review the benefits of CRQ and consider who within your organization stands to gain the most. They’ll likely become your biggest advocates.

Step 2: Craft Tailored Arguments

Stakeholder buy-in requires clear communication. Different roles have different priorities, so your arguments must be tailored accordingly.

For instance, a Chief Financial Officer (CFO) will likely prioritize cost-effectiveness and return on investment. On the other hand, a Chief Risk Officer (CRO) might be more interested in long-term risk mitigation strategies.

If your Chief Information Security Officer (CISO) needs convincing, share this email course with them since it provides a comprehensive overview of CRQ’s value proposition.

When engaging with non-technical stakeholders, focus on the benefits rather than the technical details. Refer to previous course materials to craft compelling arguments specific to each audience.

Step 3: Deliver Early and Relevant Results

Don’t fall into the trap of requesting a hefty initial investment with no immediate deliverables.

It’s critical to keep stakeholders informed during the initial CRQ implementation phase. Share results early and frequently, ensuring they address your stakeholders’ specific challenges, not just your own.

Remember, relevance is critical. A CRO might be intrigued by 100- and 200-year loss projections, whereas a CFO might prioritize worst-case scenarios and their impact on revenue and profitability.

By following these steps, you can build a strong network of allies who understand the power of CRQ and its potential to propel your organization toward a more resilient and successful future.

We hope that his introductory course to cyber risk quantification has helped you. We are excited to be a small part of your organization’s transition into a more resilient future.

We are happy to help you advance your journey into cyber risk quantification. To learn more, book a call with our team at any time.