AminataFunchess BUS 519 assign3.docx

Audits and assessments would also be rated as very

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Audits and assessments would also be rated as very high on the scale. This is an opportunity to review systems and procedures internally before the company is penalized for being out of compliance by an outside audit. The impact of implementing internal audits and assessments could be the step that avoids any future data breaches. It could also expose other threats that were not initially on the company’s radar. The probability of this opportunity is likely to happen considering the concern CEO Brett Flayton expressed after learning the company was not fully compliant with PCI requirements. Determining the pre-workshop and workshop activities are vital to set the tone and have a clear understanding of your project’s objectives. This provides a platform for team members to discuss and express their ideas for the portion of the project they are responsible for and cover justifications for any risks and opportunities discovered. The threats and opportunities should
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RISK WORKSHOP AND RISK REGISTER 11 both be accounted for to receive the most benefit out of any risk management program. What is needed is an approach, which can integrate smoothly together the management of project risks and opportunities. Perhaps we need to start to talk about risk and opportunity management as a general concept that in a natural way can include the views over negative and positive outcomes without clumsy concepts (“positive risk” or “upside risk”) or methods partly or completely omitting the assessment of positive opportunities” ("Balancing project risks and opportunities," n.d.). Compiling the workshop and risk register are vital tools to make the best assessments from your risk management program, while allowing your team to determine the justifications behind procedures that are implemented through the program. References Assessing Risk Probability: Impact Alternative Approaches. (May 7). Retrieved from - alternative-approaches-8444
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RISK WORKSHOP AND RISK REGISTER 12 Balancing project risks and opportunities. (May 7). Retrieved from - uncertainty-1875 Drinkwater, D. (2016, January 7). Does a data breach really affect your firm's reputation? Retrieved from - data-breach-really-affect-your-firm-s-reputation.html Gasca, P. (2016, 14). With Data Theft By Employees on the Rise, Don't Look at Cybersecurity as a Mission Impossible. Retrieved from Hillson, D., & Simon, P. (2012). Practical Project Risk Management: The ATOM Methodology . Tysons Corner: Management Concepts. Risk Categorization - Project Management Knowledge. (2018, May 6). Retrieved from Some tips to facilitate a successful Risk Workshop. (2015, May 11). Retrieved from - pedram-danesh-mand
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