This courseware is available in a Virtual Classroom configuration.

Elements of Risk Management – The Basics

In today’s global economy, every organization has a mission. In this digital era, as organizations critically depend upon information technology (IT) systems to process their…

Certificate None
Duration 1 Day
Delivery Blended, Classroom, Virtual Classroom
Accreditor
Languages English

What is included in Elements of Risk Management – The Basics

Course Description

In today’s global economy, every organization has a mission. In this digital era, as organizations critically depend upon information technology (IT) systems to process their information for better support of their missions, risk management plays a critical role in protecting an organization’s information assets, and therefore its mission, from IT-related risk. An effective risk management process is an important component of a successful IT security program. The principal goal of an organization’s risk management process should be to protect the organization and its ability to perform their mission, not just its IT assets. Therefore, the risk management process should not be treated primarily as a technical function carried out by the IT experts who operate and manage the IT system, but as an essential management function of the organization.

Risk is the net negative impact of the exercise of a vulnerability, considering both the probability and the impact of occurrence. Risk management is the process of identifying risk, assessing risk, and taking steps to reduce risk to an acceptable level. This course provides an overview into the specific criteria, steps and actions necessary to implement and sustain a comprehensive Information Risk Management program.

Course Information

Certification: None

Duration: 1 Day

Domain: Project and Program Management

Delivery Method: Blended, Classroom, Virtual Classroom

Accreditor:

Available Languages: English

Purchase Options: Customizable Courseware, Pay Per Use Courseware

Audience

This workshop is intended for:

Primary

  • Internal and external auditors (IT, financial, operational)
  • Risk Compliance Officers
  • Professionals involved in organizational or IT GRC strategic initiative

 

Secondary Audience

  • Management consultants
  • Controllers
  • Directors of Human Recourses
  • Facilities Managers

Learning Objectives

After completing this course, you will be able to:

  • Address various risk methodologies and assess application to individual enterprise environments.
  • Explain and utilize risk assessment and analysis methodologies.
  • Identify significant components of risk and their respective definitions.
  • Define risk management goals and objectives.
  • Document risk practices and risk types.
  • Recognize the ISO principles of risk management.
  • Understand the COBIT 4.1 and COBIT 5 elements related to IT risk identification and management.
  • Apply the nine (9) steps of the NIST IT risk assessment methodology to an enterprise-wide risk assessment project.
  • Prepare and evaluate a Statement of Risk Management.
  • Describe the role and value of IT risk management as a basis of proactive corporate governance.

Course Outline

Module 1: RISK MANAGEMENT DEFINITIONS AND PRINCIPLES

 

Module 2: RISK MANAGEMENT POLICIES AND REQUIREMENTS

 

Module 3: DEFINING RISK MANAGEMENT GOALS AND OBJECTIVES

 

Module 4: NIST ASSESSMENT PROCESS – A BEST PRACTICE

 

Module 5: COURSE LEARNING SUMMARY

 

Delivery is subject to Leapest terms and conditions.

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