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Chapter 5, Problem 3RQ
Program Plan Intro

Risk management:

  • The process of identifying risk, evaluating its comparative magnitude, and taking some steps to reduce it to the acceptable level is referred as risk management.
  • The probability of defining something that will go wrong as a source of any event or due to any series of sequences is referred as risk.
  • A risk management plan contains assessment, analysis, and handling the risk.
  • It takes the steps to ensure the confidentiality, integrity and availability of all the components in the organization’s information system.

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