Which model is a good choice when oBudget and risk evaluation are important oThere is a medium to high level of risk oThe customer is not sure of all of the requirements up front oCustomer feedback is needed to refine the product before launch oSignificant changes are expected while the product is being developed Spiral Waterfall iterative and incremental O V model
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- Your team represents the ERP Design and Development Project for a XYZ hospital. Your company's senior management has requested that you prepare a risk management plan that identifies potential risks and identifies risk management strategies. From the course content and readings, you know that the overall purpose of risk planning is to anticipate possible risk events and be ready to take appropriate action when risk events occur, to eliminate or reduce negative impacts on the project. Following features must be addressed in your risk management strategy:• Realistic Assumptions based on the scenario• Risk identification (Risk item checklist)• Risk projection (developing a risk table and Assessing risk impact)• Risk Mitigation and Monitoring planSelect one HIM function (e.g., coding, release of information, chart completion, transcription, filing/chart retrieval, document imaging, etc.). For this function, identify and describe one risk associated with this function. Elaborate on how each risk management principle could be applied to your identified risk: Risk assessment Risk mitigation Risk transference Risk avoidance Risk acceptance Describe your chosen risk in a sentence or two. Then provide one substantial and descriptive paragraph for each principle.Use the online version of OWASP Risk Rating. Make up a scenario or use one from a recent news story. Take a particular threat and walk through the risk rating calculator. Explain your scenario, the final score, and what you learned on one page. You will have to use your imagination to fill in the unknown data. Be creative.
- You have been tasked to measure the likelihood of different identified risksusing the FAIR approach. Based on your experience, you have chosen to focuson the Loss Event Frequency (LEF) factor.Defend your decision by discussing the four fundamental factors related to LEF.Hello I need help with this discussion for my Risk Management class. Risk assessment is an inexact science. One of the key factors in evaluating risk and developing a risk mitigation strategy is the tolerance for risk, which can be inexact as well. Read the following ARTICLE (Links to an external site.) and discuss the following questions: 1. What are some of the key factors in determining risk tolerance as it relates to information security? 2. How do you determine IS risk tolerance within an organization? 3. Based on your experience, do you consider your organization (current or prior) to be risk tolerant or risk averse when it comes to information security?For your client, a regional distribution center for an auto parts manufacturer, please explain the differences between a qualitative and quantitative approach to risk assessment. Be sure to discuss, why a schema is important and how it will be defined and used in the assessment you are discussing.
- Effective metrics are the most obvious technique to ensure policy compliance. Metrics can be used to demonstrate how well compliance is performing. You have a measure on how many people have read, acknowledged, and accepted a policy if you create a rule to determine if it has been read, acknowledged, and accepted by signature. The number of employees who have accessed the system would be a statistic if the policy is based on system access. Please respond to the following question(s): Exactly what sort metrics related to knowledge testing following cybersecurity would be useful? The metrics could be collected right after training or at regular intervals over a period of months.a) Tim is an accountant working in a listed company A. He has secretly adjusted the profit and lossstatement so that the company appears to be doing well in business. Investors started to question thecompany’s actual performance. The internal auditors eventually found out that Tim is the one whomanipulated the fraud.(i) Suggest and briefly describe ONE (1) potential action that Company A could initiate a lawsuitagainst the fraud.(ii) Analyze FOUR (4) possible perspectives that could explain the details of action proposed inQuestion 2 a) (i) above. Your answers could base on the point of view of the company’s businessperformance, the perspective of investors or the board of directors and so on.b) The case of Daubert v. Merrell Dow Pharmaceuticals establishes an important precedent in the USjudicial system.(i) Discuss the significance of the case on producing scientific knowledge in court.(ii) Propose any possible steps where the forensics investigators could take in view of the…A recommended approach is that the people assigned to implement a risk management program should begin by studying the models presented earlier in this chapter and identifying what each offers to the envisioned process. Once the organization understands what each risk management model offers, it can adapt one that is a good fit for the specific needs at hand. Which risk control strategy would you consider the most effective and why? When should the strategy be used and why should it not be used for all risks?
- Which of the following are stages of risk-based analysis Select one: a. Risk identification, analysis and classification, decompisition and reduction assessment are not the complete stages b. Risk identification, analysis and classification, decompisition and reduction assessment c. Risk decompisition and reduction assessment d. Risk identification, analysis and classificationFor the scenario below, analyze it by completing the following two phases. There are several examples of how to analyze a scenario in the text book starting on page 474. Brainstorming phase List all the people and organizations affected. (They are the stakeholders.) List risks, issues, problems, and consequences. List benefits and identify who gets each benefit. In cases where there is not a simple yes or no decision, but rather one has to choose some action, list possible actions. Analysis phase Identify responsibilities of the decision maker. (Consider responsibilities of both general ethics and professional ethics.) Identify rights of stakeholders. (It might be helpful to clarify whether they are negative or positive rights, in the sense of Section 1.4.2.) Consider the impact of each potential action on the stakeholders. Analyze consequences, risks, benefits, harms, and costs for each action considered. Find sections of the SE Code or the ACM Code that apply. Consider the…Asset valuation is the process of determining the fair market value of an asset, which is one of the first priorities of risk management. The asset value can be determined from the asset replacement value (how much does it cost to replace it) or what the asset provides to the organization (how much dollar value does the organization get from having the asset). The value can also be determined using a combination of both values. Are personnel assets (employees, vendors, etc) or data assets (business information, databases, financial records, etc) more difficult to quantify? Why?