Risk Management 101 for IT Professionals Essential Concepts - Monitoring and Control

The video tutorial discusses the role of monitoring and control in risk management, emphasizing the need for continuous oversight until risks are resolved. It introduces the concept of a risk management plan (RMP), which formalizes risk management processes and structures. The RMP includes scheduling, resource allocation, and escalation procedures. The tutorial concludes by encouraging further exploration of enterprise risk management.

What are the different levels at which risks can be managed?

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What is the role of the risk owner in the risk management process?

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