Initiation
Initiation: Initiation in change management refers to the first stage of the change process, where a need for change is identified, defined, and documented. Factors such as new business requirements, system updates, or security vulnerabilities might trigger this phase. The initiation phase includes detailing the rationale for the change, its potential impact, and proposed ways […]
Intangible asset
Intangible asset: An asset that has no physical form and cannot be touched or seen but has value to an organization. It is used in accounting and finance to classify and value assets that do not have a physical form. Examples -intellectual property, trademarks, and brand reputation.
Integrated audit
Integrated audit: An integrated audit is an auditing process that simultaneously evaluates the financial statements’ accuracy and the effectiveness of an organization’s internal controls over financial reporting. It is particularly relevant in contexts where financial and IT systems are closely intertwined and provide stakeholders with comprehensive insights into an organization’s operations.
Integrated Product Team (IPT)
Integrated Product Team (IPT): A cross-functional team responsible for developing and delivering a product or service. IPTs are typically composed of individuals with different expertise and backgrounds, including engineering, design, marketing, and project management. An example of an IPT could be a team of software developers, user experience designers, and product managers working together to […]
Information Security Management System (ISMS)
Information Security Management System (ISMS): A framework for managing and protecting an organization’s information assets. An ISMS typically includes policies, procedures, and controls for ensuring the confidentiality, integrity, and availability of sensitive data. Examples of ISMS components could include access controls, encryption, and user awareness training.
Information Security Policy
Information Security Policy: A set of guidelines and rules that outline an organization’s approach to information security. It is used in organizations to provide a clear and consistent framework for protecting information assets. Examples – a policy on acceptable use of company devices, a policy on data classification, and a policy on incident response.