RISK_MANAGEMENT_PLAN_FINAL_SUBMISSION.docx RISK MANAGEMENT PLAN FINAL SUBMISSION Infor

RISK_MANAGEMENT_PLAN_FINAL_SUBMISSION.docx    RISK MANAGEMENT PLAN FINAL SUBMISSION  Information Security and Risk Management   Project Part 1 Task 1: Risk Management Plan  Introduction   Health Network is a company that deals with health networking solutions. The organizations are specialized in producing three main products, namely,HNetPay, HNetExchange, and HNetConnect.All these products are information technology solutions. Information technology is among the risky areas in the business world that are faced with many vulnerabilities. In the current case, health is naturally sensitive because it is directly associated with human life. A slight mistake in this industry may turn out to be costly. Since the initial risk management plan has expired, there is a need for the company to adopt a new risk management plan that will address emerging risks in the industry.   Risk Management Approach  The new risk management plan will make use of the following risk management process. The process will consist of the five key steps. the first step will be identifying potential risks. The second step will be measuring the risk severity and frequency. The third step shall be the examination and ascertainment of alternative solutions. The fourth step involves making decisions on the best implementable solutions. And lastly, it will be monitoring results. The plan will rely on both qualitative and quantitative techniques.   Roles and Responsibilities  the following is a list of project staff members and their roles and responsibilit