Risk management
A short recap about risk management in general. Any risk management is based on four functions -
- Identification
- Assessment
- Mitigation
- Monitoring
Identification -
- Start with assets list
- Find wath threat those assets
Assessment -
Give a dollar value to each risk Multiplky by chance for that risk to happen
Mitigation -
What are we going to do to protect this asset
- Reduce probabilty
- Avoid
- Transfer
- Accept
- Reject <- here you’re open for responsability because you knew it, and did nothing.
Monitoring -
KPIs & Re-evaluations