Task one
Task 1 Objectives:
1. To independently explore the concept of “risk”, “risk management”, and the concept of continual improvements in the risk management context;
2. To independently explore the Library facilities in order to find the standards documents; and
3. To gain familiarity with two of the International standards in Risk Management & IT Security.
For Exercise 1 & 2, Please submit your response through the “Tasks & Assignments Submission” area before the start of Week 2.
Exercise 1
Access the Library databases and find the ISO/IEC 31000:2009.
Research the PDCA (Plan-Do-Check-Act) cycle and it’s adaption in other disciplines. Evaluate its applicability to Risk Management as described in AS/NZS ISO/IEC 31000:2009 (p. 9). Identify at least two shortcomings of the PDCA cycle.
Exercise 2
Access the Library databases and find the ISO/IEC 27001:2013.
Read page 1-9 and identify the key aspects of the standard