What risks might emerge as a result of setting the action plan and milestones?
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What risks might emerge as a result of setting the action plan and milestones?
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Solved in 3 steps
- What potential hazards could arise as a result of establishing the action plan and milestones?Which stage in the ERM process must be ongoing in order to increase the success of implementing the entire process? 1 Risk treatment 2 Risk analysis 3 Communication and consultation 4 Monitoring and reviewExplain the role of risk assessment in the development of a continuity plan and provide examples of potential IT-related risks.
- How can risk mitigation strategy planning can reduce the likelihood and/or impact of risks.What considerations should be taken into account when creating a disaster recovery plan?Discuss the common sources of risk on information technology projects and suggestions for managing them. Explain how to use decision trees and Monte Carlo analysis for quantifying risk.
- Discuss the importance of system monitoring and alerting tools in implementing effective system management strategies. Provide examples of such tools.What are the different sorts of threats that must be considered while developing a resilience plan? Give examples of the measures that businesses should implement to combat these threats?What is risk monitoring? How can risks be monitored? List a few examples of types of risks and their potential indicators.