Chapter 5, Problem 4RQ

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.