Your organization has delegated to you the responsibility of developing a program for risk management. The Chief Executive Officer of the company recently requested you to succinctly explain the relationship between impact, danger, and vulnerability. Create hastily a single statement that elucidates the interaction between the parties.

Your organization has delegated to you the responsibility of developing a program for risk management. The Chief Executive Officer of the company recently requested you to succinctly explain the relationship between impact, danger, and vulnerability. Create hastily a single statement that elucidates the interaction between the parties.

Information Technology Project Management

9th Edition

ISBN:9781337101356

Author:Kathy Schwalbe

Publisher:Kathy Schwalbe

Chapter11: Project Risk Management

Section: Chapter Questions

Problem 2E

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Similar questions

Your company has entrusted you with the responsibility of developing a program for risk management. The Chief Executive Officer of the company has just asked you to explain, in as few words as possible, the link that exists between impact, hazard, and vulnerability. Develop in a hurry a single sentence that summarizes the relationship between the two things.
Perform an abbreviated risk management study on your personal computer. Conduct an asset identification, threat identification, vulnerability appraisal, risk assessment, and risk mitigation. Under each category, list the elements that pertain to your system. What major vulnerabilities did you uncover? How can you mitigate these risks? What is your plan for securing your personal system? Are you going to implement the plan? Why or why not?
A team of IT risk management experts have presented you with an audit findingafter the risk assessment exercise. What might be some of the constraints that might prevent you from addressing the risks in the timeframe or manner recommended by the experts?
You have been tasked to initiate a risk management program for your company. The CEO has just asked you to succinctly explain the relationship between impact, threat, and vulnerability. Think quick on your feet and give a single sentence that explains the relationship
Perform a quick risk management analysis on your computer. It is necessary to do asset identification, threat identification, vulnerability assessment, risk assessment, and risk mitigation. Make a list of the elements under each category that pertain to your system. What critical faults did you discover? How might these risks be minimised? What safety precautions have you put in place for your computer? Do you intend to implement the strategy? Why not, if not?
Have you experienced scope creep in your development of a Risk Management Plan (or other policy)? If so, how did you handle it? If not, what actions would you have taken to control scope creep? (Remember, if you have not personally experienced this situation, please research a company or individual who has dealt with scope creep and provide a brief overview of their situation. Be sure to copy/paste the link from which you retrieved the information)
On your PC, do a brevized risk management analysis. Identification of assets, threat identification, evaluation of vulnerabilities, risk assessment, and risk mitigation should be done. Make a list of the components that apply to your system under each category. What significant flaws did you find? How may these hazards be reduced? What security measures are in place for your personal computer? Do you intend to carry out the plan? If not, why not?
Which of the following is the best description of purpose of risk management? a. To implement measures to reduce risks to an acceptable level. b. To outline the threats to which IT resources are exposed. c. To determine the damage caused by possible security incidents. d. To determine the probability that a certain risk will occur.
As a member of the STM IT Company. Attempt to get an agreement on the risk assessment techniques and any interaction with the risk management models?"