Risk Management 101 for IT Professionals Essential Concepts - The Risk PMO, Champions and Advocates

The video tutorial discusses the importance of setting up a formalized risk program management office (PMO) for effective risk management. It highlights the roles and responsibilities within the PMO, including risk champions and advocates, who are essential for implementing consistent risk management practices. The tutorial emphasizes the need for risk awareness and training to ensure successful risk management. It concludes by encouraging viewers to consider enterprise risk management and the establishment of a risk program management plan.

What is the role of a risk program management office in an organization?

Why is it important to have risk awareness training and support within an organization?

How do risk champions and advocates contribute to the risk management process?

What foundational elements are necessary for setting up enterprise risk management?

What should organizations consider when establishing a risk program management plan?