Risk Response and Reporting Effectively
Overview
By identifying and analyzing risk, enterprises become aware of what forces within and beyond their control might threaten their operations and how the effects of internal and external factors might manifest as impacts to production. In this third of four courses to prepare you for the CRISC exam, you will learn about Risk Response, Control Design and Implementation and Risk Monitoring and Reporting.
Risk Response and Reporting Effectively Overview
Chris and Anthony break down what this module of the CRISC certification course contains and how it helps with the overall risk management lifecycle.
WEBVTT
Well, hi, everybody. My name
is Anthony Sequera. I am one of
the instructors here at ACI
Learning, and I am thrilled to
be hosting this event with none
other than Chris Ward. Chris,
how are you today? I'm doing
really good, Anthony. Good to
be in the studio with you yet
once again. Yes, it's awesome.
Chris and I have been teaching
together for decades, not
necessarily this material,
though, so I am very, very
excited. I'm going to play the
role of student advocate here
as we look at a certification
in risk and information systems
control, and thankfully, we
have abbreviated that C-RISC
for you. So Chris, first of
all, before we jump in, can you
give us a little bit of your
background with this subject
matter? I assume this is an
exam that you're intimately
familiar with, and I know when
it comes to the subject matter,
you've been dealing with this
for years now.
Yeah, and it's one of those
things where a lot of people
deal with risk, right? They
just don't know about it.
And so in this case, and in
this portion of our C-RISC
studies, we're going to be
looking primarily about risk
response and risk monitoring.
And so we're going to talk a
little bit about that. And just
remember what we've already
covered. If you've watched
other things on risk or any of
the other ACI learning shows,
is that risk is something that
as a IT person, you are going
to deal with on a day-to-day
basis. How do we respond to
that? We're going to be talking
about things like the four
different types of responses.
We're going to be talking about
why controls are designed,
how they're designed. We're
also going to be taking a look
at the arena of risk monitoring
and reporting. OK, so risks
have occurred. Who needs to
know about it? What have we
learned from it? How do we make
it better the next time?
These are all things that we're
going to be covering in this
show-- well, not this
particular show, but many
shows, Anthony, and looking
forward to it. Yeah, I love it.
And Chris,
I guess we are going to be
doing more than just completely
ignoring and avoiding risk.
And that's always good. We know
that's one way to deal with it,
one way that's tempting to deal
with it. But I'm super excited
for Chris to lay out for us a
well-thought-through plan in
how we are going to deal with
and, as Chris indicated,
particularly respond to risk
inside of our organization.
Well, Chris, before we get
started, is there anything else
you wanted to mention? Maybe
any kind of study tips as we go
forward or anything like that?
Yeah, definitely. Yeah, so one
of the things that we always
recommend-- and Anthony does
this in his courses, I do it in
all my courses--
is remember, at the very
beginning here, we have a
download button, which does
have a copy of the course notes
that you can take a look at, as
well as a PDF of the slides.
So if you are the kind of
person where you like your
tactile, you like writing down
notes, hey, best thing to do is
maybe print one of those out or
bring up that PDF, make your
notes, and any time that we
talk about something that's
super exam-centric, both
Anthony and I will point these
things out to you. We want to
make sure that you write that
down. Make sure you're paying
attention for that so that way
we can help you
when you do take the exam.
I love it. Well, we have a
lot of great content in store
for you, so why don't we go
ahead and get started? We hope
you'll be joining us in the
very next episode.
Learning Style
On Demand
Length of course
4h 8m
18 Episodes
Here are the topics we'll cover
- Responding to Risk
- Designing and Implementing Controls
- Monitoring and Reporting Risk
Learning Options
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