Risk Management: Risk management refers to the mitigation of risk. It is defined as a process of discovering, analyzing, and assessing the risks to an organization’s operations. It also determines how these risks can be controlled and mitigated. The various sources of risk include uncertainty in financial markets, legal liabilities, threats from project failures, credit risk, etc. Several risk management standards was developed such as Project Management Institute, the National Institute of Standards and Technology, and ISO standards.

BuyFind

Management Of Information Security

6th Edition
WHITMAN + 1 other
Publisher: Cengage Learning,
ISBN: 9781337405713
BuyFind

Management Of Information Security

6th Edition
WHITMAN + 1 other
Publisher: Cengage Learning,
ISBN: 9781337405713

Solutions

Chapter 6, Problem 2RQ
Program Plan Intro

Risk Management:

  • Risk management refers to the mitigation of risk.
  • It is defined as a process of discovering, analyzing, and assessing the risks to an organization’s operations.
  • It also determines how these risks can be controlled and mitigated.
  • The various sources of risk include uncertainty in financial markets, legal liabilities, threats from project failures, credit risk, etc.
  • Several risk management standards was developed such as Project Management Institute, the National Institute of Standards and Technology, and ISO standards.

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