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Case Study Conducting A Risk Analysis

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M3A1: Case Study Conducting a Risk Analysis
This will be a risk analysis of the hazard of moving to Oracle, or jumping ship to another software vendor, such as companies like Lawson Software Inc., Microsoft Corp., SAP AG or SSA Global Technologies Inc. (Jackson, 2005). The initial phase of the Risk Management life cycle is the analysis phase, where the first proposal is completed and is allowed to move forward with the risk assessment effort. Risk Analysis is an instrument for Risk Management and is used to identify weaknesses and various threats, and then predicts the conceivable losses and where to install defenses. Risk Analysis is applied to safeguard that security is cost-effective, pertinent, well-timed and responsive to security implications (Harris, 2016). As part of this phase, the all related documentation is brought together to define potential threats, risks, and repercussions (Harris, 2016). Also, an initial Return on Investment (ROI) argument should be made to aid management in constructing an informed decision (Excelsior College Website, 2016). Security can be extremely difficult and even for well-trained IT professionals can either apply too much or not enough or in wrong areas. It is way too easy to spend lots money without accomplishing the required purposes. Doing a risk analysis allows organizations to prioritize their risks and provide a cost benefit comparison (Excelsior College, 2016). After the Analysis phase, the Business Impact Analysis design

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