W3 LabAssessing RisksRisk management begins with first identifying risks, threats, and vulnerabilities to then assess them. Assessing risks means to evaluate risk in terms of two factors. First, evaluate each risk’s likelihood of occurring. Second, evaluate the impact or consequences should the risk occur. Both likelihood and impact are important for understanding how each risk measures up to other risks. How the risks compare with one other is important when deciding which risk or risks take priority. In short, assessing is a critical step toward the goal of mitigation.Assessing risks can be done in one of two ways: quantitatively or qualitatively. Quantitatively means to assign numerical values or some objective, empirical value. For example, “Less than $1,000 to repair” or “Biweekly.” Qualitatively means to assign wording or some quasi-subjective value. For example, a risk could be labeled critical, major, or minor.In this lab, you will define the purpose of an IT risk assessment, you will align identified risks, threats, and vulnerabilities to an IT risk assessment that encompasses the seven domains of a typical IT infrastructure, you will classify the risks, threats, and vulnerabilities, and you will prioritize them. Finally, you will write an executive summary that addresses the risk assessment findings, risk assessment impact, and recommendations to remediate areas of noncompliance.Learning ObjectivesUpon completing this lab, you will be able to:Define the purpose and objectives of an IT risk assessment. Align identified risks, threats, and vulnerabilities to an IT risk assessment that encompassesthe seven domains of a typical IT infrastructure. Classify identified risks, threats, and vulnerabilities according to a qualitative risk assessmenttemplate. Prioritize classified risks, threats, and vulnerabilities according to the defined qualitative riskassessment scale. Craft an executive summary that addresses the risk assessment findings, risk assessmentimpact, and recommendations to remediate areas of noncompliance.DeliverablesUpon completion of this lab, you are required to provide the following deliverables to your instructor:1. Lab Report file;2. Lab Assessments file.Evaluation Criteria and RubricsThe following are the evaluation criteria for this lab that students must perform:1. Define the purpose and objectives of an IT risk assessment. – [20%]2. Align identified risks, threats, and vulnerabilities to an IT risk assessment that encompasses the seven domains of a typical IT infrastructure. – [20%]3. Classify identified risks, threats, and vulnerabilities according to a qualitative risk assessment template. – [20%]4. Prioritize classified risks, threats, and vulnerabilities according to the defined qualitative risk assessment scale. – [20%]5. Craft an executive summary that addresses the risk assessment findings, risk assessment impact, and recommendations to remediate areas of noncompliance. – [20%]

#4 Decision- Data Visualization- Computer or Tablet Assignment: use internet resources to collect data about computing hardware (computers, tablets and phablet combinations). Students will use Data visualization techniques (some type of a graph) to display the data to support a hardware purchase recommendation. Task: You are asked to recommend a computing hardware purchase for college bound friends; Ron and Susan. Find data about computers, tablets and tablet-phone combinations; from 3 online vendors. (Example: Best Buy, www.bestbuy.com)Display your data for speedy and actionable insight. Some factors to include are: Power – ports – compatibility – features (keyboard, number key pad, screen size) --footprint – cost – warranty (these would be the columns in your spreadsheet). Include a decision as to which computing device(s) you will recommend to your “friends”. BUDGETS: Ron has $1100 to spend and Susan has $450 to spend.Send a copy of your recommendations and supporting Excel spreadsheet to our class D2L_BRIGHTSPACE drop box under Assignment #4 Data Visualization.