IT 431 - Risk Management and Governance

• Examine the terminology and assorted components of risk management framework
• Summarize principles of risk management, and its importance to strategy, tactics and operations
• Explain the processes for establishing risk mitigation approaches to support organizational goals
• Describe stages of risk management and the various steps required to regulate and manage risk
• Explain the assorted risk management tools and techniques to manage organizational risk
• Describe how to evaluate, assess, and identify all risk to the organization
• Review and explain the importance of stakeholder expectations
• Define the nature of risk appetite statements and how they apply to the organizational environment
• Discuss the various risk strategies for risk mitigation and management
• Discuss risk and how to assess potential impact of risk occurrence to the organization
• Explain risk tracking and control techniques and how to effectively manage organizational risk