Preview

A Risk managment

Satisfactory Essays
Open Document
Open Document
510 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
A Risk managment
Project Part 2 Section 1
A Risk Management Plan is a document that a project manager prepares to foresee risks, estimate impacts, and define responses to issues. It also contains a risk assessment matrix.
A risk is "an uncertain event or condition that, if it occurs, has a positive or negative effect on a project's objectives." Risk is inherent with any project, and project managers should assess risks continually and develop plans to address them. The risk management plan contains an analysis of likely risks with both high and low impact, as well as mitigation strategies to help the project avoid being derailed should common problems arise. Risk management plans should be periodically reviewed by the project team to avoid having the analysis become stale and not reflective of actual potential project risks.
IT security: Sometimes referred to as computer security, Information Technology Security is information security applied to technology (most often some form of computer system). It is worthwhile to note that a computer does not necessarily mean a home desktop. A computer is any device with a processor and some memory (even a calculator). IT security specialists are almost always found in any major enterprise/establishment due to the nature and value of the data within larger businesses. They are responsible for keeping all of the technology within the company secure from malicious cyber-attacks that often attempt to breach into critical private information or gain control of the internal systems.
Information assurance: The act of ensuring that data is not lost when critical issues arise. These issues include but are not limited to: natural disasters, computer/server malfunction, physical theft, or any other instance where data has the potential of being lost. Since most information is stored on computers in our modern era, information assurance is typically dealt with by IT security specialists. One of the most common methods of providing information

You May Also Find These Documents Helpful

  • Good Essays

    Bsbpmg510A Kbq

    • 635 Words
    • 3 Pages

    Risk Management: While a new process or equipment may seem desirable this is not always the case due to the risks involved whether it be financial or otherwise. All these risks must be kept to a minimum through risk analysis in the planning and brainstorming phases or the new project could have a detrimental effect on the business or individuals.…

    • 635 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Information security includes the protection of information assets in storage, processing, or transmission. To assure the security of things such as schools, prisons, toads, and power plants, the confidentiality and integrity of information must be protected.…

    • 982 Words
    • 4 Pages
    Good Essays
  • Good Essays

    BSA/310

    • 674 Words
    • 3 Pages

    In business, an information security is a set of policies to protect the companies and small businesses infrastructure, physical, and information technology assets, and to ensure that information technology users within the domain of the companies and small businesses comply with the rules and guidelines related to the security of the information stored digitally at any network within the boundaries of authority. In short, it can protect data from the outside and even inside threat. The data and information, which the companies and small businesses have, are arguably the most important assets. They should ensure the data confidentiality, integrity, availability, non-repudiation, authentication, and authorization. Most small businesses and companies must have information security to ensure their business and information assets. Information security protects data and controls how it should be distributed within or without the businesses boundaries. This means that information should be encrypted and may have restrictions placed on its distribution to the third party. Information security should protect the data from the outside threats such as:…

    • 674 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The protection of information and information systems against unauthorized access or modification of information, whether in storage, processing, or transit, and against denial of service to authorized users. Information security includes those measures necessary to detect, document, and counter such threats. Information security is composed of computer security and communications security. Also called…

    • 755 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Bus 505 Assignment2

    • 723 Words
    • 3 Pages

    Risk management is the process of identifying risk issues and the options for controlling them, commissioning a risk assessment, reviewing the results and selecting amongst the assessed options to best meet the goals. The purpose of risk analysis is to help managers better understand the risks (and opportunities) they face and to evaluate the options available for their control. (Vose software, 2007)…

    • 723 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Case 3 Risk Management

    • 1053 Words
    • 5 Pages

    The main factor for not completing the project is team failure which is because of poor overall initial planning. When there are unrealistic goals being set, creating a chaotic working environment there is bound to be nothing but pure failure of the project and its successin the near future. There can be two major causes for the team project failures; overdue or missed time standards, and going beyond set financial plans. With the interpretation of day to day basis risk assessments into team developed projects, there is a more realistic set of guidelines, and procedures put into place. The definition of a risk assessment states , “ that it is theidentification, evaluation, and estimation of the main levels of risks involved in a situation, their comparison against benchmarks or standards, and determination of an acceptable level of risk”. With set risk assessment techniques, the team may further eradicate all possible liabilities or future occurrences within the project team.…

    • 1053 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Risk management planning process is conducted to identify risks on the project, quantify and qualify the risk, and create an action plan to respond to the risk. Qualify and quantifying the risk are important processes as it is easy to say “the customers are complaining about XXX” but if there are 100 customers and only 2 complaints, then it is important to know that it is less that 2% of customers, and may not be worth the time or money to evaluate, monitor and manage the risk. Continuous control and monitoring, by placing the project team responsible for risks, will protect the organization. Not properly planning for risk can cause the…

    • 355 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The risk table only content risks which potentially or predicably occur in this project. It contains risk factors, impacts, and likelihood, avoidance and mitigation strategies. In addition, some risks might not be identified at the first place; however change and control of risk plan will accord assumption analysis.…

    • 2975 Words
    • 12 Pages
    Satisfactory Essays
  • Better Essays

    Risk and costs happen all the time in our lives. Everyone will encounter a variety of risks. A risk management plan is a process that identifies loss exposures faced by an organization and selects the most appropriate techniques for trading such exposures.…

    • 1580 Words
    • 7 Pages
    Better Essays
  • Satisfactory Essays

    Information security is the way of ensuring information is only read, heard, changed, broadcast and otherwise used by people who have the authority to do so. It requires a range of skills and knowledge and increases in significance as our use of and reliance upon information grows.…

    • 112 Words
    • 1 Page
    Satisfactory Essays
  • Better Essays

    Defining Information security in simple terms would be ‘the protection of data against unauthorized access’ as in the PCmag website. If we look into a thorough definition, Wikipedia identifies information security as ‘protecting information and information systems from unauthorized access, use, disclosure, disruption, modification, or destruction’. As mentioned before information security is a concept that continued from those days. Heads of state and military commanders all over the world, even here in Sri Lanka, persons needing secure communications used wax seals and other various sealing devices and even secret words which only internal members would know to completely protect all confidentiality of their messages. But nowadays in Sri Lanka, due to information technology’s major impact in businesses many alternatives are looked upon in order to protect data and information. We all know information assets are critical to any business and paramount to the survival of any organization in today’s globalised digital economy as almost all would say. If not…

    • 1067 Words
    • 5 Pages
    Better Essays
  • Good Essays

    information security

    • 528 Words
    • 3 Pages

    Information assurance: The act of ensuring that data is not lost when critical issues arise. These issues include but are not limited to: natural disasters, computer/server malfunction, physical theft, or any other instance where data has the potential of being lost. Since most information is stored on computers in…

    • 528 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Assignment

    • 3821 Words
    • 16 Pages

    IT security management is a process that confirm the right out come from a specific sources and ensure to preserve all properties of sources. Moreover IT security Is a complete management system which is related to analysis risk ,threat, mitigation and to ensure maximum outcome of an organisation.…

    • 3821 Words
    • 16 Pages
    Powerful Essays
  • Good Essays

    Information Technology

    • 623 Words
    • 3 Pages

    Information technology (IT) is the application of computers and telecommunications equipment to store, retrieve, transmit and manipulate data,[1] often in the context of a business or other enterprise.[2] The term is commonly used as a synonym for computers and computer networks, but it also encompasses other information distribution technologies such as television and telephones. Several industries are associated with information technology, including computer hardware, software, electronics, semiconductors, internet, telecom equipment, e-commerce and computer services.[3][a]…

    • 623 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Information Technology

    • 2139 Words
    • 9 Pages

    According to Ford (1992), Information technology is the development, implementation, and maintenance of computer hardware and software systems to organize and communicate information electronically. In this paper, I will discuss what is information technology, current problems in IT, how to protect information in an IT environment, and the effectiveness of the protection.…

    • 2139 Words
    • 9 Pages
    Powerful Essays