You are asked to identify the relationship between fiduciary responsbility and organziational risk, and present this information to the IT management of YieldMore. Identify key stakeholders, their roles and responsbilities, and the impact of fiduciary responsbility on each
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You are asked to identify the relationship between fiduciary responsbility and organziational risk, and present this information to the IT management of YieldMore.
Identify key stakeholders, their roles and responsbilities, and the impact of fiduciary responsbility on each.
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- Your team represents the ERP Design and Development Project for a XYZ hospital. Your company's senior management has requested that you prepare a risk management plan that identifies potential risks and identifies risk management strategies. From the course content and readings, you know that the overall purpose of risk planning is to anticipate possible risk events and be ready to take appropriate action when risk events occur, to eliminate or reduce negative impacts on the project. Following features must be addressed in your risk management strategy:• Realistic Assumptions based on the scenario• Risk identification (Risk item checklist)• Risk projection (developing a risk table and Assessing risk impact)• Risk Mitigation and Monitoring planThis part of the project is a continuation of Project Part 1 in which you prepared an RA plan and a risk mitigation plan for Health Network. Senior management at the company has decided to allocate funds for a business impact analysis (BIA). Because of the importance of risk management to the organization, senior management is committed to and supportive of performing a BIA. You have been assigned to develop the BIA plan.As a risk manager of an emerging property investment company, you have been asked to conduct a security risk profile. You have already identified a risk register with associated sensitivity. However, your manager would like to have a high-level view of the risk impact categories for the identified resources. Explain to your manager the most common impact categories that should be included in a security profile and the reasons why.
- 1. For each of the resources in the network diagram above, specify one possible risk. Also, use a ranking system of 1 to 5, where “5” is the most critical for the likelihood of occurrence and degree of impact. Based on any tool or formula you would like to implement, list and prioritize the risks to start with.Which of the following are stages of risk-based analysis Select one: a. Risk identification, analysis and classification, decompisition and reduction assessment are not the complete stages b. Risk identification, analysis and classification, decompisition and reduction assessment c. Risk decompisition and reduction assessment d. Risk identification, analysis and classificationSenior management at Health Network allocated funds to support a risk mitigation plan, and have requested that the risk manager and team create a plan in response to the deliverables produced within the earlier phases of the project. The risk mitigation plan should address the identified threats described in the scenario for this project, as well as any new threats that may have been discovered during the risk assessment. You have been assigned to develop this new plan.
- Assume that you have been tasked by your employer to develop an incident response plan. Create a list of stakeholders for the IR planning committee. For each type of stakeholder, provide the reasons for inclusion and the unique aspects or vision that you believe each of these stakeholders will bring to the committee.##########################################################################################Make sure to follow APA style. Please make sure your submission is 2 - 3 pages in length and meet the minimum APA formatting guidelines:• 12-pt, Times New Roman font• Double-spaced• 1” margins on all sides• Please provide a title page including your Name, Course Number, Date of Submission, and Assignment name.• Paraphrasing of content – Demonstrate that you understand the case by summarizing the case in your own words. Direct quotes should be used minimally.• Reference Section (A separate page is recommended.) Please cite the source using APA formatting guidelines. If you need guidance…How does scenario analysis contribute to understanding potential risk trajectories and their impacts?Write a brief report explaining how you would apply the Risk Management Framework to your chosen network. Feel free to use the following template for your response: Introduction Briefly describe your chosen network or system. How big is it? What assets are in it? Who uses it? Who manages it? What sort of cyber risks might each individual component face? RMF Process You can use subheadings for each task - Categorize, Select, Implement, Assess, Authorize, Monitor. For each task, briefly describe how you would identify, implement, and evaluate security controls to mitigate risks associated with it.
- An outside consultant has been hired to perform a risk analysis for a company. As part of the report, he details the likelihood of certain events occurring, as well as the impact they would have. Which of the following could he use to display this information in his report? a. Impact analysis b. Risk matrix c. Qualitative risk calculation d. Quantitative risk calculationThe purpose of risk management is to identify potential problems before they occur so that risk-handling activities may be planned and invoked as needed across the life of the product or project to mitigate adverse impacts on achieving objectives. You are a newly appointed Risk Management Manager. Your first task is to explain to your team members the definition of Risk Management and then list the steps for risk assessment activities with the aid of flow chart.Susan is the lead investigator for a security incident and realizes that she will not be able to complete her investigation without causing severe disruption to the business. The action she feels she must take exceedsthe authority granted to her under the incident response plan. What should Susan do? a)Shut down all business operations immediately until she develops a plan b)Take the action immediately to protect the business c)Discount the action as a possibility because it exceeds her authority d)Consult with higher levels of management