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Herbert J. Mattord, Ph.D., CISM, CISSP, CDP and Michael Whitman, Ph.D., CISM, CISSP

Organizations with little experience in risk management will want to look to national and international organizations for guidance in designing and implementing their risk management efforts. There are two dominant organizations that offer guidance in this area: the U.S. National Institute for Standards in Technology (NIST) and the International Standards Organization.

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Organizations with little experience in risk management will want to look to national and international organizations for guidance in designing and implementing their risk management efforts. There are two dominant organizations that offer guidance in this area: the U.S. National Institute for Standards in Technology (NIST) and the International Standards Organization.

This course examines the risk management frameworks and standards offered by these organization and then discusses other available approaches. The course concludes with a discussion of applications and tools to support the organization’s risk management effort.

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What's inside

Syllabus

Welcome to Dominant Risk Management Standards and Frameworks (Course 3)
Organizations with little experience in risk management will want to look to national and international organizations for guidance in designing and implementing their risk management efforts. There are two dominant organizations that offer guidance in this area: the U.S. National Institute for Standards in Technology (NIST) and the International Standards Organization. This course examines the risk management frameworks and standards offered by these organizations and then discusses other available approaches. The course concludes with a discussion of applications and tools to support the organization’s risk management effort.
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The Dominant Risk Management Standards Organizations: NIST and the ISO (Module 3.1)
NIST Risk Management Framework (Module 3.2)
The ISO Approach to Risk Management (Module 3.3)
Other Approaches and Tools for Risk Management (Module 3.4)
Course Wrap-up

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Ideal for beginners and those inexperienced in risk management
Provides solid foundations for individuals seeking to improve their knowledge in risk management
Taught by three highly experienced PhDs with specializations in cybersecurity management and data privacy
Both module instructor, Michael Whitman and Herbert J. Mattord are Certified Information Systems Manager (CISM) and Certified Information Systems Security Professional (CISSP)
Introduces several available approaches to risk management
Covers risk management standards and frameworks designed by two dominant organizations: The U.S. National Institute for Standards in Technology (NIST) and the International Standards Organization
Examines and discusses applications and tools to support the organization’s risk management efforts

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Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Dominant Risk Management Standards and Frameworks with these activities:
Review Risk Management Fundamentals
Reviewing risk management fundamentals will provide a strong foundation for understanding the NIST and ISO frameworks.
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  • Read the course syllabus and introduction to get an overview of the course.
  • Review your notes or previous coursework on risk management concepts.
  • Complete any pre-course assignments or readings.
Follow a Tutorial on the NIST Risk Management Framework
Following a guided tutorial will provide a structured approach to understanding the NIST framework.
Show steps
  • Identify an online tutorial or course on the NIST Risk Management Framework.
  • Follow the tutorial to understand the framework's components and how to apply them.
  • Complete any exercises or assignments in the tutorial.
Practice Identifying and Assessing Risks
Practicing risk identification and assessment will improve your ability to apply the NIST and ISO frameworks.
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  • Gather a list of potential risks related to a project or organization.
  • Use the NIST or ISO frameworks to analyze and assess the risks.
  • Develop risk response plans for the identified risks.
Three other activities
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Create a Risk Management Plan for a Case Study
Creating a risk management plan will allow you to apply the frameworks and demonstrate your understanding of risk management principles.
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Show steps
  • Select a case study or scenario that requires a risk management plan.
  • Apply the NIST or ISO frameworks to identify and assess the risks.
  • Develop risk response plans and implement them.
Attend a Workshop on Risk Management
Attending a risk management workshop will provide an opportunity to interact with experts and enhance your knowledge.
Browse courses on Risk Management
Show steps
  • Identify and register for a workshop on risk management.
  • Attend the workshop and actively participate in the sessions.
  • Apply the knowledge and skills acquired in the workshop to your own work.
Mentor a Junior Risk Management Professional
Mentoring others will reinforce your knowledge and help you develop leadership skills.
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  • Identify a junior risk management professional who would benefit from your guidance.
  • Set up regular meetings to provide support and guidance.
  • Share your knowledge and experience, and provide constructive feedback.

Career center

Learners who complete Dominant Risk Management Standards and Frameworks will develop knowledge and skills that may be useful to these careers:
IT Risk Manager
IT Risk Managers are responsible for identifying, assessing, and mitigating IT risks that could impact their organization's operations. In this role, you'll need to be familiar with a variety of risk management frameworks and standards, including NIST and ISO. This course will provide you with a comprehensive understanding of these frameworks and standards, and you'll be able to apply your knowledge to help your organization achieve its objectives.
Risk Manager
Risk Managers are responsible for identifying, assessing, and mitigating risks that could impact their organization's objectives. In this role, you'll need to be familiar with a variety of risk management frameworks and standards, including NIST and ISO. This course will provide you with a comprehensive understanding of these frameworks and standards, and you'll be able to apply your knowledge to help your organization achieve its objectives.
Information Security Manager
Information Security Managers are responsible for developing and implementing an organization's information security program. In this role, you'll need to be familiar with a variety of risk management frameworks and standards, including NIST and ISO. This course will provide you with a comprehensive understanding of these frameworks and standards, and you'll be able to apply your knowledge to help your organization protect its information assets.
Information Security Analyst
Information Security Analysts are responsible for protecting their organization's information assets from threats such as cyber attacks and data breaches. In this role, you'll need to be familiar with a variety of risk management frameworks and standards, including NIST and ISO. This course will provide you with a solid foundation in these frameworks and standards, and you'll be able to apply your knowledge to help protect your organization's information assets.
Compliance Officer
Compliance Officers are responsible for ensuring that their organizations comply with all applicable laws and regulations. In this role, you'll need to be familiar with a variety of risk management frameworks and standards, including NIST and ISO. This course will provide you with a comprehensive understanding of these frameworks and standards, and you'll be able to apply your knowledge to help your organization achieve compliance.
Security Engineer
Security Engineers are responsible for designing and implementing security measures to protect their organization's information assets. In this role, you'll need to be familiar with a variety of risk management frameworks and standards, including NIST and ISO. This course will provide you with a solid foundation in these frameworks and standards, and you'll be able to apply your knowledge to help your organization protect its information assets.
Compliance Analyst
Compliance Analysts are responsible for ensuring that their organizations comply with all applicable laws and regulations. In this role, you'll need to be familiar with a variety of risk management frameworks and standards, including NIST and ISO. This course will provide you with a solid foundation in these frameworks and standards, and you'll be able to apply your knowledge to help your organization achieve compliance.
IT Auditor
As an IT Auditor, you'll be responsible for assessing the effectiveness of an organization's internal controls and ensuring compliance with regulations. This course will provide you with a solid foundation in risk management frameworks and standards, which will be essential for your success in this role. You'll be able to apply your knowledge of NIST and ISO standards to identify and mitigate risks, and you'll be able to use audit and assessment tools to evaluate the effectiveness of your organization's internal controls.
Internal Auditor
Internal Auditors are responsible for evaluating the effectiveness of an organization's internal controls. In this role, you'll need to be familiar with a variety of risk management frameworks and standards, including NIST and ISO. This course will provide you with a solid foundation in these frameworks and standards, and you'll be able to apply your knowledge to help your organization improve its internal controls.
Privacy Analyst
Privacy Analysts are responsible for ensuring that their organizations comply with all applicable privacy laws and regulations. In this role, you'll need to be familiar with a variety of risk management frameworks and standards, including NIST and ISO. This course will provide you with a solid foundation in these frameworks and standards, and you'll be able to apply your knowledge to help your organization achieve compliance.
Risk Analyst
This course will introduce you to the world of risk management, with a focus on security. Students will study different frameworks and standards, such as NIST and ISO, to help them identify and manage risks. In this role, you'll play a vital role in safeguarding your company's information and assets. You'll be able to develop a deep understanding of risk management frameworks, NIST and ISO standards, and audit and assessment tools through this course.
IT Consultant
IT Consultants provide advice and guidance to organizations on how to improve their IT systems. In this role, you'll need to be familiar with a variety of risk management frameworks and standards, including NIST and ISO. This course will provide you with a solid foundation in these frameworks and standards, and you'll be able to apply your knowledge to help your clients improve their IT systems.
Project Manager
Project Managers are responsible for planning, executing, and closing projects. In this role, you'll need to be able to identify and manage risks that could impact your project's success. This course will provide you with a solid foundation in risk management frameworks and standards, and you'll be able to apply your knowledge to help your projects succeed.
Business Analyst
As a Business Analyst, you'll be responsible for analyzing business processes and identifying opportunities for improvement. In this role, you'll need to be familiar with risk management frameworks and standards to help you identify and mitigate risks that could impact your organization's business processes.
Data Analyst
Data Analysts use data to identify trends and patterns that can help businesses make better decisions. In this role, you'll need to be familiar with risk management frameworks and standards to help you identify and mitigate risks that could impact your organization's data.

Reading list

We've selected 12 books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Dominant Risk Management Standards and Frameworks.
This NIST publication provides detailed guidance on risk management for information systems and organizations. It key reference for the course's exploration of the NIST Risk Management Framework.
Provides a comprehensive guide to risk management, based on the British Standard for risk management. It useful reference for learners interested in implementing a risk management system that meets international standards.
Provides a comprehensive overview of the FAIR model, a leading framework for assessing and quantifying cybersecurity risk. It useful reference for learners interested in understanding this approach to risk management.
Provides an engaging and thought-provoking perspective on risk management, arguing that it is an art form that requires creativity and intuition. It useful reference for learners interested in developing their own approach to risk management.
Provides a practical guide to risk management for practitioners in a variety of fields. It useful reference for learners interested in applying risk management principles to their own work.
Provides a comprehensive overview of risk management and uncertainty in business. It useful reference for learners interested in understanding the broader context of risk management in decision-making.
Provides a clear and concise overview of risk management, making it a useful resource for learners with little or no prior knowledge of the subject.
Provides a practical guide to risk management, covering the key principles, processes, and techniques. It valuable resource for risk managers and other professionals responsible for managing risk in their organizations.
Provides a step-by-step guide to the risk management process, from identifying risks to developing and implementing risk mitigation strategies. It useful resource for organizations looking to improve their risk management practices.
Provides a comprehensive framework for enterprise risk management, covering the key principles, processes, and techniques. It valuable resource for risk managers and other professionals responsible for managing risk across the enterprise.
Provides a comprehensive overview of risk management, covering the key principles, processes, and techniques. It valuable resource for risk managers and other professionals responsible for managing risk in their organizations.

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