CHAPTER 5

Risk Concepts

In this chapter, you will

     •   Learn important risk-related concepts

     •   Explore the use of policies to manage risk

     •   Learn the differences between qualitative and quantitative risk assessment

     •   Learn how to quantitatively calculate risk

     •   Examine risk associated with virtualization and cloud environments

Risk management can best be described as a decision-making process. In the simplest terms, when you manage risk, you determine what could happen to your business, you assess the impact if it were to happen, and you decide what you could do to control that impact as much as you or your management deems necessary. You then decide to act or not to act, and, finally, you evaluate the results ...

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