Risk Management 101 for IT Professionals Essential Concepts - Course Recap and Conclusion

This video tutorial covers an entry-level IT risk management course. It begins with an introduction to key concepts such as risks, issues, assets, threats, and vulnerabilities. The course then explains the importance of risk management and explores methods for risk identification and assessment, including qualitative and quantitative approaches. It discusses risk responses like acceptance, avoidance, transference, and mitigation, along with security controls. The tutorial introduces the risk register and risk monitoring, and concludes with reasons why risk management may fail. Finally, it offers recommendations for further study in enterprise risk management.

What foundational concepts are introduced at the beginning of the IT risk management course?

• Risk register and security controls

• Risk monitoring and control

• Risks, issues, assets, threats, and vulnerabilities

• Enterprise risk management

Which methods are discussed for identifying risks in the course?

• Enterprise risk management

• Risk identification methods

• Qualitative and quantitative assessments

• Risk transference and mitigation

What are the types of risk responses covered in the course?

• Identification, evaluation, and reporting

• Planning, execution, and review

• Monitoring, control, and assessment

• Acceptance, avoidance, transference, and mitigation

What is introduced as a tool for managing risks in the course?

• Risk monitoring

• Enterprise risk management

• Security controls

• Risk register

What is a key reason discussed for why risk management might fail?

• Inadequate risk identification

• Failure to implement security controls

• Poor risk monitoring and control

• Lack of enterprise risk management