Explain how you as the CIO of your university will implement the risk management part of the IT Governance

1. Risk management is a very important part of every project. The IT Governance is also a project and requires good risk management plan. Please research and answer the following questions.

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a. Define Hazard b. Define Harm c. Define Risk d. Define potential cause of harm

2. Explain how you as the CIO of your university will implement the risk management part of the IT Governance. Hint: Start by identifying all the hazards and potential causes of harm to the IT infrastructure and functionality (for example, what are you going to do if the university main web site goes down, or what happens if viruses get into your university computer systems, or if the main university server computer crashes, etc.). Then consider all possible scenarios of causing harm and propose how to eliminate that harm or reduce them to an acceptable level.

3. Assume that you are the CIO of your university and that you are implementing an IT Governance to better reach the goals of the university Explain in details what items would be in your Balanced Score Card for your proposed IT Governance. Justify your answer.