Principles of Information Security (MindTap Course List)
6th Edition
ISBN: 9781337102063
Author: Michael E. Whitman, Herbert J. Mattord
Publisher: Cengage Learning
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Expert Solution & Answer
Chapter 12, Problem 5E
Explanation of Solution
Risk assessment:
- Risk assessment is used to define the overall method or process where the person identifies hazards and risk factors that have the potential to cause harm.
- Evaluate and analyze the risk related with that hazard
- Determine correct ways to remove the hazard or control the risk when the hazard can’t be removed.
Critical risks:
The risk assessment is a process of finding and documenting the risk that a process, action or project introduces to the institute and may also include proposing suggestions for controls that can decrease that risk.
Business partner risk assessment:
It is used when a suggestion for connectivity with business partners is being estimated...
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Your team represents the ERP Design and Development Project for a XYZ hospital. Your company's senior management has requested that you prepare a risk management plan that identifies potential risks and identifies risk management strategies. From the course content and readings, you know that the overall purpose of risk planning is to anticipate possible risk events and be ready to take appropriate action when risk events occur, to eliminate or reduce negative impacts on the project.
Following features must be addressed in your risk management strategy:• Realistic Assumptions based on the scenario• Risk identification (Risk item checklist)• Risk projection (developing a risk table and Assessing risk impact)• Risk Mitigation and Monitoring plan
Have you experienced scope creep in your development of a Risk Management Plan (or other policy)? If so, how did you handle it? If not, what actions would you have taken to control scope creep? (Remember, if you have not personally experienced this situation, please research a company or individual who has dealt with scope creep and provide a brief overview of their situation. Be sure to copy/paste the link from which you retrieved the information)
Senior management at Health Network allocated funds to support a risk mitigation plan, and have requested that the risk manager and team create a plan in response to the deliverables produced within the earlier phases of the project. The risk mitigation plan should address the identified threats described in the scenario for this project, as well as any new threats that may have been discovered during the risk assessment. You have been assigned to develop this new plan.
Chapter 12 Solutions
Principles of Information Security (MindTap Course List)
Ch. 12 - Prob. 1RQCh. 12 - Prob. 2RQCh. 12 - Prob. 3RQCh. 12 - Prob. 4RQCh. 12 - Prob. 5RQCh. 12 - Prob. 6RQCh. 12 - Prob. 7RQCh. 12 - Prob. 8RQCh. 12 - Prob. 9RQCh. 12 - Prob. 10RQ
Ch. 12 - Prob. 11RQCh. 12 - Prob. 12RQCh. 12 - Prob. 13RQCh. 12 - Prob. 14RQCh. 12 - Prob. 15RQCh. 12 - Prob. 16RQCh. 12 - Prob. 17RQCh. 12 - Prob. 18RQCh. 12 - Prob. 19RQCh. 12 - Prob. 20RQCh. 12 - Prob. 1ECh. 12 - Prob. 2ECh. 12 - Prob. 3ECh. 12 - Prob. 5ECh. 12 - Prob. 1CEDQCh. 12 - Prob. 2CEDQCh. 12 - Prob. 1EDM
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Similar questions
- Which of the following are stages of risk-based analysis Select one: a. Risk identification, analysis and classification, decompisition and reduction assessment are not the complete stages b. Risk identification, analysis and classification, decompisition and reduction assessment c. Risk decompisition and reduction assessment d. Risk identification, analysis and classificationarrow_forwardA recommended approach is that the people assigned to implement a risk management program should begin by studying the models presented earlier in this chapter and identifying what each offers to the envisioned process. Once the organization understands what each risk management model offers, it can adapt one that is a good fit for the specific needs at hand. Which risk control strategy would you consider the most effective and why? When should the strategy be used and why should it not be used for all risks?arrow_forwardPlease provide a concise explanation for each of the five different risk-control techniques.arrow_forward
- An outside consultant has been hired to perform a risk analysis for a company. As part of the report, he details the likelihood of certain events occurring, as well as the impact they would have. Which of the following could he use to display this information in his report? a. Impact analysis b. Risk matrix c. Qualitative risk calculation d. Quantitative risk calculationarrow_forwardDetermining whether or whether the dangers are under control What aspect of risk management is responsible for dealing with these dangers and risks? Is it possible to put a number on it?arrow_forwardYou are needed to discuss each of the themes listed below in your own words, using your own terminology. You must keep your discussions on each subject to a maximum of 200 to 400 words in length each. Risk Management Techniques in the Field of Software Engineeringarrow_forward
- you are required using your own words to discuss each of the topics below. You need to limit your discussion on each topic to be between 200 to 400 words. Risk Management Strategies in Software Engineeringarrow_forwardThis part of the project is a continuation of Project Part 1 in which you prepared an RA plan and a risk mitigation plan for Health Network. Senior management at the company has decided to allocate funds for a business impact analysis (BIA). Because of the importance of risk management to the organization, senior management is committed to and supportive of performing a BIA. You have been assigned to develop the BIA plan.arrow_forwardDifferentiate between quantitive risk assessment and qualitative risk assessmentarrow_forward
- The output of Risk identification is: Select one: a. Risk description b. Risk assessment c. Root cause analysis d. Dependibility requirementsarrow_forwardAs a risk manager of an emerging property investment company, you have been asked to conduct a security risk profile. You have already identified a risk register with associated sensitivity. However, your manager would like to have a high-level view of the risk impact categories for the identified resources. Explain to your manager the most common impact categories that should be included in a security profile and the reasons why.arrow_forwardexplain the five risk-control measures that you use?arrow_forward
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