What component assesses risks within the COBIT business case?

The component that assesses risks within the COBIT business case is the Program Risk. This component plays a vital role in the overall framework by identifying, analyzing, and managing risks that could potentially impact the achievement of business objectives. By assessing risks, organizations can develop strategies to mitigate or manage those risks effectively, thereby enhancing the likelihood of success for projects and initiatives governed by COBIT.

The focus on Program Risk allows organizations to evaluate not only the threats but also the opportunities that may arise during the implementation of COBIT-related projects. Understanding these risks in the context of the business case ensures that decision-makers have a comprehensive outlook on how risks might influence the expected outcomes and overall investment in IT governance. This proactive assessment is crucial for ensuring that business initiatives align with organizational goals and that stakeholder interests are adequately protected.