IT Examiner School - Oct 2025

Internal Use Only

IT Risk Assessment

Internal Use Only

Risk Appetite: The level of risk an organization is willing to accept in pursuit of its objectives, balancing potential benefits with possible losses.

IT Risk Assessment Overview Risk Assessment Lifecycle

Risk Identification: The process of finding, recognizing, and documenting risks that could impact the organization’s objectives or operations.

Risk Assessment: The evaluation of identified risks to understand their potential impact and likelihood, prioritizing them for action. Risk Response: The development and implementation of strategies to address identified risks, including mitigation, transfer, acceptance, or avoidance. Risk Monitoring: The ongoing process of tracking identified risks, assessing new risks, and evaluating the effectiveness of risk mitigation strategies.