CISM Certification Domain 1: Information Security Governance Video Boot Camp 2019 - OPEX, CAPEX, and fiscal years

The video tutorial covers fiscal planning in IT security leadership, focusing on operational (OpEx) and capital expenses (CapEx). It explains the importance of understanding these expenses for budgeting and business growth. The tutorial also discusses the creation of business plans and roadmaps, emphasizing the need for iterative updates due to rapid technological changes. Additionally, it highlights the significance of aligning fiscal years with budget planning to ensure effective implementation of security measures.

What are OpEx and CapEx, and how do they differ?

Why is it important to have a business plan based on the mission statement and vision?

How often should organizations update their one, two, and three-year plans?

What is the significance of having a fiscal year that does not align with the calendar year?

What steps should be taken when planning for the next fiscal year?