Strategic Assessment Of Risk Assessment Methodologies

Throughout the many different types of establishments that currently exist today, there are risk assessments methodologies which are used to estimate or determine risk. According to the Department of Homeland Security (DHS) Risk Lexicon (2010), risk assessment methodologies are defined as, “set of methods, principles, or rules used to identify and assess risk and to form priorities, develop courses of action, and inform decision-making” (p.25). Whether it is a risk assessment tailored for the government or private companies, the methods and principles are similar in a sense that they all aim at evaluating risk. Once risk can be determined, they can then decipher what types of strategies and decisions that should be used. Of the many risk assessments out there three distinct models who stood out were the Maritime Security Risk Analysis Model (MSRAM), The CARVER model, and lastly the Transportation Sector Security Risk Assessment (TSSRA). This paper will discuss the three risk assessment methodology’s origin, the intended audience, as well as some main elements and attributes. Afterward, the paper will conclude with my personal opinion to its strengths and weaknesses. But first, background on the selected risk analysis models in its designated order is needed starting with MSRAM.

Risk management or more know as risk assessments by Dimensions are about identifying risks and finding the most suitable way of making them as safe as possible for the individual service users, service user and in

Worksheets, such as the Missouri and Washington Risk Assessments are valuable tools used by criminal justice practitioners. Moreover, Risk Assessment scales are used in both formal and informal capacities, to determine the potential risk or harm an individual poses to society should he or she be released from detention or custody. The following is an example of how the Missouri and Washington Risk Assessment worksheets can be utilized when applied in two completely different cases; it is important to remember that the primary purpose of both Risk Assessment Scales are to identify specific classifications of juvenile offenders. Offenders are classified on a scale of being low, moderate, or at high-risk behavior and each assessment places

This paper discusses three risk analysis methodologies, specifically, MSRAM, OCTAVE, and CRAMM and provides a detailed description of each and how they incorporate risk into a platform for decision makers to use in their endeavors to prevent, protect, mitigate, respond, and in recovery measures as part of the risk assessment and management processes.

A risk assessment is a process which identifies the risks to confidentiality, integrity, and availability of protected information, determines the probability of a breach of information, and the resulting impact for each threat/vulnerability pair identified given the security controls already in place.

You also need to be aware of your responsibilities to ensure the safety of children and young people when on school trips. You must ensure that the relevant risk assessments have been put in place and that you familiarise yourself with them before the school trip, by doing this you do not leave yourselves open to the accusation of

RISK ANALYSIS ASSESSEMT METHODS: The methods that will be adopted are Qualitative, Semi-Quantitative and Quantitative. The qualitative assessment uses a descriptive scale to define consequence, probability and level of impact such as high, moderate and low. The Semi-quantitative uses numerical rating/scale for consequence, and probability in combination with a formula. A full quantitative analysis may not be realistic due to insufficient data or information about a system. Quantitative analysis is using measurable, objective data/information to determine asset value, probability of loss and risks associated worth the asset.

This assignment will take the form of a risk assessment, assessing the possible risks that can be found in the home environment and its surroundings. It will define what is meant by the word risk and it will describe how one is identified. In the essay, three risks from within the home will be examined and there will be a discussion as to how frequently these risks occur. Penultimately, this essay will present influential criminological theories to help explain the phenomenon of crime. Finally, it will suggest useful means of crime prevention before concluding that suitable methods of prevention can, in fact, reduce the likelihood of certain victimisation.

“In the hospitalized adult patient, will the use of multifactorial fall risk assessments and management planning (Morse Fall Assessment) be more efficient in comparison to the current risk assessment (Heinrich model II) practice to prevent falls in the months of November- December in comparison to September- October.”

* Prioritize classified risks, threats, and vulnerabilities according to the defined qualitative risk assessment scale

Risk assessment consists of detecting and calculating security risks, addressing these concerns before cultivation and advising such risks to management (Wisegate, Inc., 2015). A risk assessment plan assists in determining not “if” but how vulnerable our system is. Having the knowledge of weak protocols, untrained employees, and insecure connections is essential to the health of our organization.

The risk assessment is to be performed on this system and the steps are as follows

This will be a risk analysis of the hazard of moving to Oracle, or jumping ship to another software vendor, such as companies like Lawson Software Inc., Microsoft Corp., SAP AG or SSA Global Technologies Inc. (Jackson, 2005). The initial phase of the Risk Management life cycle is the analysis phase, where the first proposal is completed and is allowed to move forward with the risk assessment effort. Risk Analysis is an instrument for Risk Management and is used to identify weaknesses and various threats, and then predicts the conceivable losses and where to install defenses. Risk Analysis is applied to safeguard that security is cost-effective, pertinent, well-timed and responsive to security implications (Harris, 2016). As part of this phase, the all related documentation is brought together to define potential threats, risks, and repercussions (Harris, 2016). Also, an initial Return on Investment (ROI) argument should be made to aid management in constructing an informed decision (Excelsior College Website, 2016). Security can be extremely difficult and even for well-trained IT professionals can either apply too much or not enough or in wrong areas. It is way too easy to spend lots money without accomplishing the required purposes. Doing a risk analysis allows organizations to prioritize their risks and provide a cost benefit comparison (Excelsior College, 2016). After the Analysis phase, the Business Impact Analysis design

As outlined in the International Organization for Standardization ISO/IEC 31000:2009 standard, “the success of risk management will depend on the effectiveness of the management framework providing the foundations and arrangements that will embed it throughout the organization at all levels” .

The way risks are assessed by rate their impact and probability as low, medium or high, as analyse on below matrix. The numbers are adding together to give a score; the higher the score the greater the requirement to address that risk.