Lesson 20-Risk Management. Objectives. Upon completion of this lesson, the learner will be able to: Explain the purpose of risk management and describe an approach to effectively manage risk. Describe differences between qualitative and quantitative risk assessment.
Upon completion of this lesson, the learner will be able to:
Key terms (continued):
Environmental risk management
Regulatory risk management
Business continuity management
Security and privacy.
Information technology operations.
Business systems control and effectiveness.
Business continuity management.
Information systems testing.
Reliability and performance management.
Information technology asset management.
Project risk management.
Change management.Examples of Business Risks
The most common business risks
Risk Complexity vs Project Size
Three levels of analysis
Example of a combination assessment
Adding Weights and Definitions to the Potential Impact
The tools that can be used during the various phases of risk assessment are: