Episode 77 — Run the risk management lifecycle from identification to monitoring and response (4B3)
This episode explains the risk management lifecycle as a repeatable governance loop that moves from identification to assessment, treatment decisions, implementation, monitoring, and response, with documented accountability at each stage. You’ll learn how to prevent lifecycle breakdowns such as risks identified but never assessed, assessments completed but never acted on, or controls implemented but never monitored for effectiveness. We’ll discuss how treatment choices should be governed, including mitigation, transfer, avoidance, or acceptance, and how those choices must align with risk appetite and be supported by evidence and ownership. Real-world scenarios include accepted risks with no expiration or review, mitigation plans that fail due to lack of funding or capacity, and monitoring that focuses on activity rather than indicators that reveal drift. For CGEIT scenario questions, strong answers typically restore lifecycle discipline by clarifying ownership, establishing decision checkpoints, and creating monitoring and escalation mechanisms that keep risk management active over time. Produced by BareMetalCyber.com, where you’ll find more cyber audio courses, books, and information to strengthen your educational path. Also, if you want to stay up to date with the latest news, visit DailyCyber.News for a newsletter you can use, and a daily podcast you can commute with.
