Risk Management 101 for IT Professionals Essential Concepts - Welcome to the Course

This video tutorial provides an overview of a course on risk management. It begins with an introduction and a brief overview of the course structure, followed by detailed sections on understanding risk, the importance of risk management, and methods for identifying and assessing risk. The tutorial also covers risk responses and controls, the use of a risk register, and ongoing risk monitoring. It concludes with a discussion on why risk management can fail and wraps up the course content.

What is the primary focus of Section 2 in the course?

• Why risk management fails

• Ongoing risk monitoring

• Risk identification and foundational concepts

• Course conclusion

Which section addresses the methods for identifying risks?

• Section 3

• Section 8

• Section 4

• Section 6

What types of risk assessments are discussed in Section 5?

• Qualitative and quantitative

• Financial and operational

• Strategic and tactical

• Internal and external

What is the purpose of a risk register as discussed in Section 7?

• To eliminate all risks

• To document and manage identified risks

• To predict future risks

• To assess financial impact

Why is the topic of risk management failures placed at the end of the course?

• To provide a summary of the course

• To introduce new risk management tools

• To emphasize its importance

• To ensure understanding of all risk management aspects first