The course covers the ways in which the CISO can apply a knowledge of financial and budgeting processes across the full scope of an enterprise to improve decision making, enhance financial monitoring and performance, lead and evaluate resource tradeoff decisions, articulate the return on investment of security systems and investments, comply with best-practices, ethics and financial management policies, and provide the greatest security value for the cost. The first half of the course establishes the context and basics of financial management and budgeting and the second half of the course builds on that knowledge through application in a variety of common financial management scenarios such as security systems acquisitions, contract financial management, program budgeting and justification, and coping with change.
Learning Objectives
Students will be able to: 1) Apply the principles of sound financial management to the evaluation of an existing security program; 2) Evaluate the likelihood of a security program achieving its cost, schedule, budget objectives; 3) Examine security program options for responding to a changes in the amount, timing, or type of program/project funding; 4) Apply cost and program estimating techniques to plan and justify a new security program or investment initiative; 5) Strategize how to identify potential sources of suitable funding to support current or future security program requirements; 6) Analyze and validate common financial metrics associated with a security program; 7) Analyze current requirements and develop a sound, justifiable multi - year budget; 8) Assess the requirements and challenges of security return on investment (ROI) measures; 9) Evaluate security requirements and make a recommendation on the best approach to contract for the services/systems.