IT Security Risk Management

User Generated

Jbzv

Computer Science

Description

Question 1: Find an article on qualitative vs. Quantitative Risk Analysis. Summarize it in your own words. Your answer should be 2 to 3 paragraphs in length with proper attention given to spelling and grammar.

Question 2: Go to the Society of Information Risk Analysts website. You are to pick a Resource, Podcast, or a Reading List item to review and provide your insight. Your answer should be 2 to 3 paragraphs in length with proper attention given to spelling and grammar.

Question 3: Review the different Risk Management methodologies in the course textbook and on the Web Links page (ISO/IEC 27005, FAIR, OCTAVE, & ISACA RiskIT).

  • Provide your summary of one of the methodologies and how it would be used within a business. Present the strengths and weaknesses of your selected approach. Include where the use of the methodology would be beneficial. Your post should show your analysis of the methodologies.
  • You may be either write (500 words) or a presentation (at least 10 slides).

All sources must be cited and NO PLAGIARISM PLEASE.

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Explanation & Answer

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Running Head: DISCUSSION.

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Discussion
Institutional Affiliation:
Date:

DISCUSSION.

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Question 1
Perform quantitative and perform qualitative risk analysis are two procedures in the
project risk administration knowledge part, in the planning procedure group. Although
qualitative risk analysis ought to be mostly performed on all threats, for all undertakings,
quantitative risk analysis has a more restricted apply, because of the kind of venture, the project
risks, and the accessibility of information to use to carry out the quantitative analysis
(Mazareanu, 2010).
Qualitative risk analysis is founded on subjective values allotted to each risk, which
designate their worth or else in relative to each other. This process prioritizes the acknowledged
project risks utilizing a pre-defined evaluation scale. Risks are recorded founded on their
possibility or probability of taking place and the effect on project goals should they happen. It as
well comprises the suitable classification of the risks, either effect-founded or source-founded
(Mazareanu, 2010).
On the other hand, quantitative risk analysis is a supplementary analysis of the
uppermost priority risks in which an arithmetical or quantitative rating is allotted to grow a
probabilistic analysis of the scheme. It quantifies the probable results of ...


Anonymous
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