Risk Management 101 for IT Professionals Essential Concepts - Risk Monitoring Tools

The video tutorial provides an overview of various tools and software available for risk monitoring and management. It starts with basic tools like risk registers and spreadsheets, then moves on to commercial and enterprise risk management software, highlighting features such as automation and quantitative assessments. The tutorial also covers data analytics and visualization tools, with a focus on Tableau, and discusses the use of metrics and balanced scorecards for strategic analysis. The video concludes with a summary of the options discussed.

What is a basic tool that organizations often start with for risk monitoring?

• Data analytics dashboard

• Enterprise risk management suite

• Commercial risk register

• Basic spreadsheet-based risk register

Which feature is commonly included in enterprise risk management software?

• Only qualitative assessments

• Automation and data analytics

• Basic spreadsheet functions

• Manual data entry

Which of the following is NOT a feature of advanced risk management tools?

• Data analytics

• Quantitative assessments

• Automation

• Manual risk tracking

What is a popular tool for creating standalone data visualization dashboards?

• PowerPoint

• Word

• Excel

• Tableau

What does a balanced scorecard help visualize?

• Customer satisfaction

• Employee performance

• Business strategy metrics

• Only financial metrics