Risk Management 101 for IT Professionals Essential Concepts - Why Do We Need Risk Management

The video discusses the importance of risk management in organizations, emphasizing proactive management to prevent risks from becoming issues. It highlights the benefits of a risk-aware culture, effective resource use, and legal compliance. The video also stresses the role of risk in business decision-making and concludes with a quote on the necessity of risk management over crisis management.

In what ways can effective risk management improve resource utilization?

What does James Lamb suggest about the alternatives to risk management?