Differentiating Risk Identification, Risk Analysis, and Risk Evaluation
ISACA's qualifications are recognized around the globe and as a result people across the world enroll for their examinations. It is of utmost importance for ISACA to use jargon and terminologies in their study materials and examinations that are globally accepted and that are not restricted to particular countries or continents. It is equally important for all candidates to understand the jargon and terminologies in the way ISACA uses them. For this, you need to let go of local perceptions and wear ISACA's thinking hat.
The following are some important terminologies from the perspective of ISACA's examinations.
Risk Management
Risk management indicates the combination of the following processes:
- Risk assessment
- Risk identification
- Risk analysis
- Risk evaluation
- Risk response
- Risk monitoring
Risk Assessment
Risk assessment is the combination of the following three...
