Lab #3 Report

Introduction

Every company needs to take risks to thrive, but not too much risk which could be catastrophic.

Finding the balanced amount of risk requires identifying what opportunities (or threats) are

present, understanding how significant each of them is, recognizing what action to take to

smartly handle both opportunities and risks, and lastly, monitoring all of the above, including

discovering more prospects and threats. All told, this is called risk management. Specific to the

seven domains of the IT infrastructure, this lab will cover IT risk management.

In this lab, you will define the purpose of an IT risk management plan, you will define the scope

for an IT risk management plan that encompasses the seven domains of a typical IT

infrastructure, you will relate the risks, threats, and vulnerabilities to the plan, and you will create

an IT risk management plan outline that incorporates the five major parts of an IT risk

management process.

Learning Objectives

Upon completing this lab, you will be able to:

Define the purpose and objectives of an IT risk management plan.

Define the scope and boundary for an IT risk management plan to encompass the seven

domains of a typical IT infrastructure.

Relate identified risks, threats, and vulnerabilities to an IT risk management plan and risk

areas.

Incorporate the five major parts of an IT risk management process into a risk management

plan’s outline.

Craft an outline for an IT risk management plan, which includes the seven domains of a

typical IT infrastructure and the five major parts of risk management and risk areas.

Lab #3 Defining the Scope and Structure for an IT Risk Management Plan

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www.jblearning.com Student Lab Manual

Deliverables

Upon completion of this lab, you are required to provide the following deliverables to your

instructor:

1. Lab Report file; 2. Lab Assessments file.

Defining the Scope and Structure for an IT Risk Management Plan

Hands-On Steps

uNote: This is a paper-based lab. To successfully complete the deliverables for this lab, you will need access to Microsoft® Word or another compatible word processor. For some labs, you may also need access to a graphics line drawing application, such as Visio or PowerPoint. Refer to the Preface of this manual for information on creating the lab deliverable files.

1. On your local computer, create the lab deliverable files.

2. Review the Lab Assessment Worksheet. You will find answers to these questions as you proceed through the lab steps.

3. On your local computer, open a new Internet browser window.

4. Using your favorite search engine, search for information on the IT risk management process.

5. Briefly review at least five of the first page results.

6. In the address box of your Internet browser, type the URL https://www.uvm.edu/sites/default/files/UVM-Risk-Management-and- Safety/Guide_to_Risk_Opportunity_Assessment_Response.pdf and press Enter to open the Web site.

7. Review the PDF titled “Guide to Risk Assessment & Response.”

uNote: Take special note of the University of Vermont’s “Guide to Risk Assessment & Response” document and the insightful sections titled “Things to Keep in Mind” and “Steps to Follow” for each of the assessment steps.

8. In the address box of your Internet browser, type the URL

https://web.archive.org/web/20130418005540/http://www.education.nt.gov.au/__data/ass ets/pdf_file/0011/4106/risk_management_process.pdf and press Enter to open the Web site.

9. Review the PowerPoint slide deck titled “The Risk Management Process.”

10. In your Lab Report file, describe in what ways the risk management process in both IT and non-IT environments are similar. Briefly describe in your own words the five major steps of risk management: plan, identify, assess, respond, and monitor.

11. In your Lab Report file, describe the plan.

12. Review the seven domains of a typical IT infrastructure (see Figure 1).

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