Risk Management 101 for IT Professionals Essential Concepts - Risk Categories

The video tutorial discusses various types of risks in IT risk management, categorized into budgetary, information security, operational, organizational, regulatory, resource, schedule, strategic, supply chain, and technology risks. Each category is explained with examples, highlighting how these risks can overlap and impact IT projects and operations. The tutorial emphasizes the importance of identifying and managing these risks to ensure successful IT management.

What are regulatory risks, and how do they impact businesses?

Explain the concept of resource risk in IT projects.

What is strategic risk, and why is it important in business?