IMSR Graduate Dr. Siddhant Sharma Earns Ph.D. in Risk Management
IMSR Graduate Dr. Siddhant Sharma Earns Ph.D. in Risk Management
PSNN Admin 
Dr. Siddhant Sharma, an esteemed scholar and researcher, recently accomplished a remarkable feat in his academic journey by obtaining his Ph.D. in Risk Management. His thesis, titled "Developing a Framework for Addressing IT Governance and Risks in Healthcare Organizations," supervised by Dr. Paul Thomas of IMSR Mumbai and certified by UKRAS, Devonshire, London, United Kingdom, has garnered widespread acclaim for its innovative and practical approach in tackling the pressing issue of IT governance and risks within the healthcare sector.
The healthcare industry has experienced significant technological advancements in recent times, revolutionizing the delivery of healthcare services. However, these advancements have also introduced new risks and challenges, particularly in the realm of IT governance and security. It is crucial for healthcare organizations to effectively manage these risks to safeguard the confidentiality, integrity, and availability of sensitive patient data, as well as protect against cyber-attacks and security breaches.
Dr. Siddhant's thesis presents a comprehensive framework specifically tailored to managing IT governance and risks in healthcare organizations. The framework is the result of extensive research encompassing an in-depth analysis of existing literature on IT governance, risk management, and healthcare management, along with extensive field research through case studies and surveys conducted within healthcare organizations.
The framework proposed by Dr. Siddhant's thesis comprises five key components: governance structure, risk management process, information security management, compliance management, and performance management. The governance structure component highlights the importance of establishing clear roles and responsibilities for IT governance and risk management while fostering a culture of accountability within the organization.
The risk management process component of the framework outlines a systematic approach to identify, assess, and manage IT risks in healthcare organizations. This involves identifying critical assets and processes, evaluating the likelihood and impact of potential risks, and developing and implementing strategies to mitigate those risks.
Within the framework, the information security management component emphasizes the protection of sensitive patient data and ensuring its confidentiality, integrity, and availability. This entails implementing suitable security controls and complying with relevant regulatory requirements such as HIPAA.
The compliance management component emphasizes adherence to regulatory and industry standards concerning IT governance and risk management in the healthcare sector. This involves monitoring and reporting compliance with applicable regulations and standards and taking corrective actions when necessary.
Finally, the performance management component underscores the significance of measuring and monitoring the effectiveness of IT governance and risk management initiatives in healthcare organizations. This includes developing key performance indicators and metrics to track progress and identify areas for improvement.
Overall, Dr. Siddhant's thesis constitutes a significant contribution to the field of risk management in healthcare organizations. The proposed framework offers a practical and effective approach to addressing IT governance and risks specific to the healthcare sector, enabling healthcare organizations to enhance their overall security posture and defend against the escalating threat of cyber-attacks and security breaches.
Dr. Siddhant's achievement in completing his Ph.D. in Risk Management exemplifies his dedication, hard work, and commitment to advancing the field of risk management. His research and thesis are expected to have a profound impact on the healthcare industry, guiding healthcare organizations through the intricate and rapidly evolving landscape of IT governance and risks. His accomplishment brings pride not only to his academic institution but also to his colleagues and the wider academic community.
Dr. Siddhant expresses special gratitude to his family, well-wishers, especially his wife Mrs. Rachita Panigrahi, his mother Mrs. Ajita Dash Sharma, his late father Shri. P. Khitish, his father-in-law Dr. K.C. Panigrahi (Ex C.G.M. NABARD), his sister Indira Sharma, his brother-in-law Saswat Panigrahi, his mother-in-law Mrs. Kalpana Panigrahi, his guide Mr. Pravin Parmar (facilitator at IMSR, Mumbai), and ultimately
, the divine Bhagavan.
Indian Management School and Research Centre (IMSR), a prominent management institute from India, has been offering unique online programs such as Master of Business Administration, Executive Master of Business Administration, Post Graduate Diploma, and the flagship online Ph.D. for the past 22 years. With over 5,000 students enrolled worldwide, IMSR provides quality study materials and online lecture platforms to sharpen management skills. Offering nearly 55 specializations, including HRM, Marketing, Supply Chain, Logistics, Finance, Sales, Project, Operations, Hotel, Tourism, and Event management, IMSR caters to diverse needs in the field.
IMSR is now associated with the Skill Development Council of Canada and recognized as an Official Learning Partner. This partnership has brought immense joy as it enables IMSR to elevate the standards of imparting quality education and skill enhancement to the learning community. Continuing to provide high-quality and contemporary courses that align with industry requirements and global standards, IMSR strives to produce skilled resources that meet the demands of the industry.
