Domain 5: Strategic Planning & Finance
- Design, develop and maintain enterprise information security architecture (EISA) by aligning business processes, IT software and hardware, local and wide area networks, people, operations, and projects with the organization’s overall security strategy.
- Perform external analysis of the organization (e.g., analysis of customers, competitors, markets and industry environment) and internal analysis (risk management, organizational capabilities, performance measurement etc.) and utilize them to align information security program with organization’s objectives.
- Identify and consult with key stakeholders to ensure understanding of organization’s objectives.
- Define a forward-looking, visionary and innovative strategic plan for the role of the information security program with clear goals, objectives and targets that support the operational needs of the organization.
- Define key performance indicators and measure effectiveness on continuous basis.
- Assess and adjust IT investments to ensure they are on track to support organization’s strategic objectives.
- Monitor and update activities to ensure accountability and progress.
- Analyze, forecast and develop the operational budget of the IT department.
- Acquire and manage the necessary resources for implementation and management of information security plan.
- Allocate financial resources to projects, processes and units within information security program.
- Monitor and oversee cost management of information security projects, return on investment (ROI) of key purchases related to IT infrastructure and security and ensure alignment with the strategic plan.
- Identify and report financial metrics to stakeholders.
- Balance the IT security investment portfolio based on EISA considerations and enterprise security priorities.
- Understand the acquisition life cycle and determine the importance of procurement by performing Business Impact Analysis.
- Identify different procurement strategies and understand the importance of cost-benefit analysis during procurement of an information system.
- Understand the basic procurement concepts such as Statement of Objectives (SOO), Statement of Work (SOW), and Total Cost of Ownership (TCO).
- Collaborate with various stakeholders (which may include internal client, lawyers, IT security professionals, privacy professionals, security engineers, suppliers, and others) on the procurement of IT security products and services.
- Ensure the inclusion of risk-based IT security requirements in acquisition plans, cost estimates, statements of work, contracts, and evaluation factors for award, service level agreements, and other pertinent procurement documents.
- Design vendor selection process and management policy.
- Develop contract administration policies that direct the evaluation and acceptance of delivered IT security products and services under a contract, as well as the security evaluation of IT and software being procured.
- Develop measures and reporting standards to measure and report on key objectives in procurements aligned with IT security policies and procedures.
- Understand the IA security requirements to be included in statements of work and other appropriate procurement documents.