Module 7 - Risk Management Objecitves Review Questions Version 7-2

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Collin County Community College District *

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Information Systems

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Apr 3, 2024

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docx

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Module 7 – Risk Management Part 2 Objectives 1. What are the five Risk Management Process core components? Slide 7 2. What are some aims, characteristics and benefits of Risk Management? Slide 6 3. What are some risk sources that can be identified? Slide 8 4. What is the optimal point referring too? Slide 19 5. What are some of the issues addressed in determining risk management objectives? Slide 20 6. What are two reasons why a business impact assessment supports a formal risk assessment? Slide 22 7. What two items are identified when an organization can reach agreement on concrete risk management objectives? Slide 24 8. Why is it important to know acceptable levels of impacts? Slide 26 9. What does it mean doing business means taking risk? Slide 28 10. What determines risk thresholds in the SABSA model? Slides 33 11. What does “Opportunity” mean within the SABSA Model? Slide 30, 31 12. What are some Key Risk Indicators? Slide 36 13. How can recovery time objectives support determining the level of risk acceptable to management? Slides 41-43 14. What is the desired end result of the risk assessment? NIST SP 800-30 Slide 4 15. What are the 4 risk management processes according to NIST SP 800-39? NIST SP 800- 30 Slide 5 16. What are the 4 identified risk management strategies? NIST SP 800-30 Slide 10 17. The bottom line in regards to risk monitoring is what? NIST SP 800-30 Slide 12
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