Risk analysis

For an organization to successfully enforce its security program, it must take risk analysis and risk management into consideration. A risk analysis will identify potential threats and vulnerabilities of the systems and any existing related risks. Applying threat modeling to analyze the security of an application by identifying, quantifying, rating, and addressing the threats is crucial for the organization to prevent and mitigate any threats. Since risk is calculated by multiplying the threat by the vulnerability, the higher the threat, the higher the risk an organization may have to suffer. If the threat is zero, the risk is zero. It is important to rate the threat and risks from the lowest to the highest so we can address and fix the ones…

Risk can be measured in two ways namely, the market risk and specific risk. The market risk and specific risk are the components that make up the total risk of any investment. Market risk and specific risk are two different forms of risk that affect assets. Market risk is also referred to as systematic risk and it affects a large number of asset classes (Nickolas, 2015). Market risk is the risk inherent to invest in a specific market. Each of the markets has their own inherent risks and the…

Quantitative risk analysis is the one which follows the Qualitative analysis, and gives a numerical priority rating to project risks (PMI, 2009). Based on the PMBOK (PMI, 2013) quantitative risk analysis “… is the process of numerically analyzing the effect of identified risks on overall project objectives (p. 333).” This is also a process for the PM and project team to get risk data to support making decisions, which can help to reduce project uncertainties (PMI, 2013, p. 333). Based on the…

To protect my company assets from cyber threats/attacks many things must be taken into consideration because there is always a deeper internal issue in what we believe is secure. Risk assessment and risk management are both very important parts of planning to create a safe, secure work environment to protect my employees and company both on the inside and outside of the company. I would assure that my company conducts a risk assessment periodically. This helps to see what has failed in the past…

points Your Score Textbook Reading Assignment Read Chapter(s) 14 , 19 , 20 , 21 in your Information Security textbook. Part 1 Glossary Terms - Risk Analysis Define, in detail, each of these glossary terms from the realm of computer architecture and operating systems and computer topics, in general. If applicable, use examples to support your definitions. Consult your notes or course textbook(s) as references or the Internet by visiting Web sites such as:…

Risk Management Plan Risk management of the Giza Pyramid project is undeniably critical given the nature and scope of the project. Starting from the extensive supply chain to the construction site, quarries and workshops, risk management is necessary to control the possible dangers. The risk to this project mainly lies on the project workforce mainly because there are huge quantities of materials being moved over long distances and heights. Consequently, there is a high risk of site accidents…

Critical analysis of Community Risk Reduction Risk reduction is the modern trend in community as a way to prevent or limiting the dangers from occurring. This program the fire departments should implement will teach and show each hazard or dangerous area within their town. There are a variety of impacts that this program has to the community and fire department. In addition, creating a risk program will provide a strong and highly thought out strategy to tackle this situation. Also, fire…

Gibson says, “A risk assessment (RA), also referred to as “Risk Analysis”, is a process used to identify and evaluate risk” (2015). It differs from Risk Management Plan (RMP) as RA is about classifying the risks quantitatively and qualitatively, but RMP is about avoiding and mitigating risks, threats and vulnerabilities. Risk assessment is a subset of RMP. RA helps an organization to prioritize the risks based on their likelihood and degree of impact. RA is a very important instrument when an…

problem at hand which is, the people making key decisions underestimated the complexity and risk involved which contributed to the DIA project being initiated too late. The key decision makers had a limited understanding of what was involved and lacked the necessary knowledge and expertise to advise appropriately and make good decisions. That lack of knowledge, combined with the fact that expert advice was routinely ignored, were part of the failure mode. Proper risk management planning would…

In Humphreys’s (2010) “Information Security Risk Management,” he claims that for a risk assessment to be meaningful to an organization, the “security risks must be considered in a business context, and the interrelationships with other business functions… need to be identified” (p. 1). Incorporating all the facets of the organization into the assessment, in context specific to the organization’s purpose and goals, demonstrations the crucial need for security based on their administrative needs.…