What is the most appropriate recommendation if an IT department lacks a separate risk management function?

Establishing regular IT risk management meetings is a practical and appropriate recommendation when an IT department lacks a separate risk management function. These meetings provide a structured environment in which team members can continuously discuss, identify, and assess risks related to information technology. They facilitate communication among various stakeholders, allowing for the sharing of insights and experiences, which can enhance the organization's overall readiness to manage risks.

Having regular meetings ensures ongoing oversight and awareness of potential risks, encouraging a proactive risk management culture within the IT department. This approach also helps in capturing emerging risks in a timely manner and allows for the collaboration needed to address them effectively, even in the absence of a dedicated risk management team.

In contrast, creating an entirely separate IT risk management department may not be feasible or necessary for all organizations, particularly if resources are limited. Using industry standards for risk documentation could certainly enhance risk management practices, but it does not provide the continual engagement and collaborative effort needed to address risks in real time. Choosing not to make any recommendations fails to acknowledge the importance of risk management in IT. Therefore, establishing regular meetings is a strong action that fosters engagement and awareness, essential for effective risk management.