OPERATIONAL RISK MANAGEMENT ASSIGNMENT 4 Read the Wall Street Journal article “It’s

OPERATIONAL RISK MANAGEMENT ASSIGNMENT 4
Read the Wall Street Journal article “It’s Time to Get Rid of the IT department”.  You are the Chief Risk Officer (CRO) of a company that is going to leverage this recommendation and consider decentralization and/or outsourcing of your IT program.
As CRO, what do you need to consider to accomplish this objective?(Which way do you want to execute? Please choose one of the two decisions and go deep.) Please leverage knowledge learned so far in class this semester. Please keep the description of your risk program objectives very concise, no more than a maximum of 2-3 pages, bulleted if possible.
Explain your choice as a CRO and why you think it is the best decision for the company. What’s in it for the company? What risks can be avoided? What risks or challenges do you need to take? Please list them and explain them in detail.