CMGT 442 Philip Robbins – December 5, 2012 (Week 4) University of Phoenix Mililani Campus Information Systems Risk Management

Objectives: Week 4 Project Risk Management -LT Activity: Week 5 Article Reading -Class Videos -Discuss: Final Project -Discuss: Final Exam -Week 4: Project Risk Management -Quiz #4 -Final Exam Review

Learning Team Activity Activity: Review Week 5 ‘Article’ Reading -15 minutes: Read Article -10 minutes: Answer article questions -10 minutes: Class Discussion

LT Activity: Week 4 Article Reading Drumheller, R. (2011). Information Security Gap Analysis -Do you consider conducting an information security gap analysis on a regular basis an essential best practice for ensuring enterprise risk management? -What are the major factors to consider when conducting an information security gap analysis?

Final Exam Examination (50 pts.) - 1 Hour (Start: 630 PM, End: 730 PM) - 60 questions total (only 50 count toward grade) - Multiple choice (A, B, C, D) - Closed Book, Closed Notes, No Computers, etc…

Final Project & Presentation Presentation (25 pts.) Paper Assessment (25 pts.) - 20 minutes per team (5 minutes per person) - 6 pages max. per assessment (provide hard copy) - Follow requirements for the assignment carefully. - Class participation (1 question per person)

Break? This is probably time for a break…

Project Risk Management PMBOK Guide -Project Management Body of Knowledge -International Standard -PMP -Project Risk Management Knowledge Area (Chapter 11)

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Project Management Mindmap

QUICK REVIEW: Week 1 What is Information Systems Risk Management? - Information Systems Risk Management is the process of identifying, assessing, and reducing (mitigating) risks to an acceptable level. vs. What is Project Risk Management? - Six processes…

Project Risk Management Processes Do we agree with this!?? Careful…

PMBOK Risk Definition (Glossary) Project Risk Management: Positive Risks & Negative Risks Information Systems Risk Management:Negative Risks

P1: Plan Risk Management

P2: Identify Risks

P3: Qualitative Risk Analysis

REVIEW: Qualitative Risk Matrix Rare(1) Unlikely(2) Moderate(3) Likely (4) Frequent(5) Catastrophic (5) Material (4) Major (3) Minor (2) Insignificant (1) Probability (Vulnerability | Threat) Impact RISK SEVERE HIGH MEDIUM LOW

P4: Quantitative Risk Analysis

P5: Plan Risk Responses

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P6: Monitor and Control Risks

Review: Question #1

Review: Question #2

Review: Question #3

Review: Question #4

Review: Question #5

Review: Question #6

Break? This is probably time for a break…

Quiz: Week minutes

Week 4 Final Exam Review