Risk Management 101 for IT Professionals Essential Concepts - Two Methods of Risk Monitoring

The video tutorial discusses two primary types of risk management: ongoing monitoring and separate evaluation. Ongoing monitoring involves routine business activities like staff meetings and operational reviews to manage risks internally. Separate evaluation is conducted at specific times, often by third parties, to assess risks after program changes. Examples include contractor reviews, internal reviews, peer reviews, and audits. The video emphasizes the importance of both methods in managing positive and negative risks effectively.

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