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RiskM: A multi-perspective modeling method for IT risk assessment

Author

Listed:
  • Stefan Strecker

    (University of Duisburg-Essen)

  • David Heise

    (University of Duisburg-Essen)

  • Ulrich Frank

    (University of Duisburg-Essen)

Abstract

Stakeholder involvement and participation are widely recognized as being key success factors for IT risk assessment. A particular challenge facing current IT risk assessment methods is to provide accessible abstractions on matters of IT risk that attend to both managerial and technical perspectives of the stakeholders involved. In this paper, we investigate whether a conceptual modeling method can address essential requirements in the IT risk assessment domain, and which structural and procedural features such a method entails. The research follows a design research process in which we describe a research artifact, and evaluate it to assess whether it meets the intended goals. In the paper, we specify requirements and assumptions underlying the method construction, discuss the structural specification of the method and its design rationale, present a prototypical application scenario, and provide an initial method evaluation. The results indicate that multi-perspective modeling methods satisfy requirements specific to the IT risk assessment domain, and that such methods, in fact, provide abstractions on matters of IT risk accessible to both a technical and a managerial audience.

Suggested Citation

  • Stefan Strecker & David Heise & Ulrich Frank, 2011. "RiskM: A multi-perspective modeling method for IT risk assessment," Information Systems Frontiers, Springer, vol. 13(4), pages 595-611, September.
    • Handle: RePEc:spr:infosf:v:13:y:2011:i:4:d:10.1007_s10796-010-9235-3
    DOI: 10.1007/s10796-010-9235-3
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    References listed on IDEAS

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    1. Piet Verschuren & Rob Hartog, 2005. "Evaluation in Design-Oriented Research," Quality & Quantity: International Journal of Methodology, Springer, vol. 39(6), pages 733-762, December.
    2. Frank, Ulrich, 2008. "The MEMO meta modelling language (MML) and language architecture," ICB Research Reports 24, University Duisburg-Essen, Institute for Computer Science and Business Information Systems (ICB).
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    Cited by:

    1. Martin (Dae Youp) Kang & Anat Hovav, 2020. "Benchmarking Methodology for Information Security Policy (BMISP): Artifact Development and Evaluation," Information Systems Frontiers, Springer, vol. 22(1), pages 221-242, February.
    2. Roger Clarke, 2020. "Researcher perspectives in Electronic Markets," Electronic Markets, Springer;IIM University of St. Gallen, vol. 30(1), pages 15-27, March.
    3. Heise, David & Strecker, Stefan & Frank, Ulrich, 2014. "ControlML: A domain-specific modeling language in support of assessing internal controls and the internal control system," International Journal of Accounting Information Systems, Elsevier, vol. 15(3), pages 224-245.
    4. Anastasia Papazafeiropoulou & Konstantina Spanaki, 2016. "Understanding governance, risk and compliance information systems (GRC IS): The experts view," Information Systems Frontiers, Springer, vol. 18(6), pages 1251-1263, December.
    5. R. Ramesh & H. Raghav Rao, 2011. "Editorial," Information Systems Frontiers, Springer, vol. 13(4), pages 451-452, September.
    6. Ni Li & Xiang Li & Yuzhong Shen & Zhuming Bi & Minghui Sun, 2015. "Risk assessment model based on multi-agent systems for complex product design," Information Systems Frontiers, Springer, vol. 17(2), pages 363-385, April.
    7. Shazia Sadiq & Michael Muehlen & Marta Indulska, 2012. "Preface," Information Systems Frontiers, Springer, vol. 14(2), pages 119-121, April.
    8. Chulhwan Chris Bang, 2015. "Information systems frontiers: Keyword analysis and classification," Information Systems Frontiers, Springer, vol. 17(1), pages 217-237, February.
    9. Rafika Thabet & Dominik Bork & Amine Boufaied & Elyes Lamine & Ouajdi Korbaa & Hervé Pingaud, 2021. "Risk-aware business process management using multi-view modeling: method and tool," Post-Print hal-03202277, HAL.
    10. Roger Clarke, 2022. "Research opportunities in the regulatory aspects of electronic markets," Electronic Markets, Springer;IIM University of St. Gallen, vol. 32(1), pages 179-200, March.
    11. Florian Johannsen & Hans-Georg Fill, 2017. "Meta Modeling for Business Process Improvement," Business & Information Systems Engineering: The International Journal of WIRTSCHAFTSINFORMATIK, Springer;Gesellschaft für Informatik e.V. (GI), vol. 59(4), pages 251-275, August.
    12. Oliver Thomas & Simon Hagen & Ulrich Frank & Jan Recker & Lauri Wessel & Friedemann Kammler & Novica Zarvic & Ingo Timm, 2020. "Global Crises and the Role of BISE," Business & Information Systems Engineering: The International Journal of WIRTSCHAFTSINFORMATIK, Springer;Gesellschaft für Informatik e.V. (GI), vol. 62(4), pages 385-396, August.

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