IST 625: Enterprise Risk Management

This course offers students a multidisciplinary perspective of risk assessment, modeling, and management. Topics include concepts of personal accountability versus governance and policy, how organizations define and measure risk and loss, and plans for contingencies. In this course, students look at the entire enterprise risk management (ERM) cycle, from how we structure to involve the right people; how we identify our risks; how we measure them; and how we mitigate, share, or transfer them. Rather than focusing on standard IT security protocols and technologies or particular software tools, this course aims to highlight frameworks, issues, and best practices. The goal is to assist information professionals and other professionals in helping support how their organizations holistically plan, assess, measure, and manage enterprise risk.

Learning Objectives:

  • Learn and apply the common risk management vocabulary so that you may more effectively participate in discussions about enterprise-wide risk management.
  • Look holistically at risks that could affect the survival and resiliency of the entire organization.
  • Evaluate ERM in context of both upside (positive) and downside (negative) risk.
  • Study and analyze issues at all phases of the multistage enterprise risk process, beginning with the organizational “risk culture” and “risk infrastructure.”

Tools and Concepts:

  • Enterprise risk management (ERM) program
  • Contingency planning and disaster recovery (CP/DR) activities
  • Risk categories, measurement, and management

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