Risk Management Plan And Risk Analysis And Risk Management Revised

Good Essays
Version <1.1>
<11/10/2014>

VERSION HISTORY
Version #
Implemented
By
Revision
Date
Approved
By
Approval
Date
Reason
1.0
<Author name>
<mm/dd/yy>
<name>
<mm/dd/yy>
Initial draft
1.1
<AjshaDavies >
<11/914y>
<name>
<mm/dd/yy>
<Final Draft >
2.4/2.5
Andrea Bateman
11/9/14

Final
2.1/2.2
Brittney Propst

Final

TABLE OF CONTENTS

1 INTRODUCTION 1
1.1 Purpose 1
2 risk management Procedure 1
2.1 Process 1
2.2 Risk Identification 1
2.3 Risk Analysis 1
2.3.1 Qualitative Risk Analysis 1
2.3.2 Quantitative Risk Analysis 1
2.4 Risk Response Planning 1
2.5 Risk Monitoring and Controlling 1
3 Tools And Practices 1 risk management plan approval 2
APPENDIX A: REFERENCES 3
APPENDIX B: KEY TERMS 4
INTRODUCTION
1.1 Purpose
The purpose of risk management procedure is to properly guide a risk manager through the process of examining possible risk.
1.2 Process
The steps necessary for responding to risk are: Analyze Evaluate Control
Analyze the current state of the IT network. What are the vulnerable points and what are the strong points. Where, when and how these risk can and will occur.
Evaluate what can happen if these risk occur and what will be the action taken to eliminate these risk.
Control the risk by stopping it and creating barriers to lessen and or eliminate the occurrence.
1.3 Risk Identification
The steps necessary for risk identification are: Identifying potential loss exposures Identifying common risks Security standards Continual risk identification
Identify potential losses and how they may harm the project. Once the risks have been identified, implement security standards which control and monitor the risks.
Continual risk identification strategies are to be put in place to continue to identify potential risks.
1.4 Risk Analysis
[Summarize the risk analysis process.]
1.4.1 Qualitative Risk Analysis Used risk probability to determine the ramifications, the likelihood and

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