Risk Treatment and Residual Risks

The video tutorial covers risk management, focusing on identifying, assessing, and treating risks. It explains residual risks and various risk treatment options, including retention, avoidance, and sharing. An example of a risk treatment plan for SharePoint is provided, highlighting actions, resources, and responsibilities. The concept of residual risk is defined, emphasizing the importance of evaluating and documenting it to ensure it meets organizational criteria.

What is the term used for risks that remain after treatment?

• Inherent risks

• Residual risks

• Avoided risks

• Accepted risks

Which risk management strategy involves accepting a risk when controls are too costly?

• Risk avoidance

• Risk retention

• Risk sharing

• Risk mitigation

What does risk sharing typically involve?

• Eliminating the risk entirely

• Transferring the risk to external parties

• Ignoring the risk

• Retaining the risk within the organization

In the given scenario, what was the chosen treatment option for the risk of unauthorized access to SharePoint?

• Risk mitigation

• Risk sharing

• Risk retention

• Risk avoidance

Why is it important to evaluate and document the value of risk reduction?

• To ensure compliance with legal standards

• To increase the inherent risk

• To verify that residual risk meets the organization's acceptance criteria

• To eliminate all risks