Risk and its Impact-Outline
Thesis statement: The association of the risks with the practices of the organization helps in
making sure that there is the addressing of the risks and creation of opportunities needed for
Building of Assets
A. Approval process.
B. Efficiency ratios.
A. Loss regulation.
B. Organization capabilities.
Plans and Strategies
A. Economic and the political conditions
B. Roles and responsibilities.
C. Internal framework
Running head: RISK MANAGEMENT
Risk management is important in an organization as it makes sure that there is the
anticipation of the changes taking place in the environment and that there is the affecting of the
control mechanisms that help in improving the efficiency of the organization. The management
of risks helps in containing the consequences that are likely to occur in the different parts and
ensuring that there is the strengthening of the systems of the organization. The use of OCTAVE
risks assessment is necessary as it helps in identifying the various issues that the company needs
to address and the costs of the risks. The association of the risks with the practices of the
organization helps in making sure that there is the addressing of the risks and creation of
opportunities needed for investment.
OCTAVE helps in the assessment of the needs of information security in the addressing
of the needs of the organization. There is the identification of the methods that enhance the
flexibility of the business and the identification of the scope that helps in the reduction of the
various issues that the company is likely to face. There is the improvement of performance of the
enterprise in a way that there is the identification of the expertise that should be used in the
assessing of the risks that the firm faces. It is important that there is the organization of the issues
that the company faces as it is through this that there is the use of the resources tha...