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

2. 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

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

4. 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?

5. 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…

6. 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)

7. Break? This is probably time for a break…

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

9. xxxx

10. Project Management Mindmap

11. 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…

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

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

14. P1: Plan Risk Management

19. P2: Identify Risks

21. P3: Qualitative Risk Analysis

24. 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

25. P4: Quantitative Risk Analysis

30. P5: Plan Risk Responses

32. xxxx

33. P6: Monitor and Control Risks

35. Review: Question #1

37. Review: Question #2

39. Review: Question #3

41. Review: Question #4

43. Review: Question #5

45. Review: Question #6

47. Break? This is probably time for a break…

48. Quiz: Week 4 10-15 minutes

49. Week 4 Final Exam Review