PricewaterhouseCoopers LLP announced that it has established an Information Technology Business Risk Management practice to help organizations assess their exposure to IT business risks. The service will work with clients in managing these risks and assist the IT function in managing economic risk, organizational and process risk, performance risk, and crisis risk.

Information technology is a critical component of today's business infrastructure. However, many CEOs, executives and boards of directors are concerned about hidden risks that can arise when IT resources and operations are not aligned with the critical business objectives. Executives often view IT service delivery as ineffective in meeting business needs and are dissatisfied with the return on their IT investment in helping the organization manage business risks.

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