Risk and its Impact

timer Asked: Mar 30th, 2017
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Question Description

Option #1: Department Risk Assessment

Select a department in your current or past organization and work on a risk assessment from that single department level. Use OCTAVE risk assessment methodology and generate the risk assessment report. You will deliver a report on issues associated with the use of this methodology, and the risk assessment within that single department, the impact of a disaster on the department, and as well as the impact of the disaster of the department on the organization.

Your paper should be 4-6 pages in length including graphics, and conform to the APA requirements. Include at least five credible references in addition to the course textbook.


1. Simple essay format with proper introduction and conclusion.

2. No plagiarism, please provide inline citations wherever applicable.

Tutor Answer

School: Rice University


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.


Infrastructure Vulnerability
A. Loss regulation.
B. Organization capabilities.


Plans and Strategies

A. Economic and the political conditions
B. Roles and responsibilities.
C. Internal framework



Risk Management


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...

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