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Systems Analysis and Design (Shell...

11th Edition
Scott Tilley + 1 other
ISBN: 9781305494602

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BuyFindarrow_forward

Systems Analysis and Design (Shell...

11th Edition
Scott Tilley + 1 other
ISBN: 9781305494602
Textbook Problem

Explain the concept of tick management, including risk identification, assessment, and control.

Program Plan Intro

Elaborate on the concept of risk management, including risk identification, assessment and control.

Program Explanation

Risk Management: Risk management is process of identifying, accessing and controlling risks that can occur for an organization during business operations. In the actual world, total security is not the only thing which is needed but the aim should be to provide whole security to an organization including the value of the assets and the security Cost involved. The main tasks involved during risk management are identifying the risk, assess the risk and control the risk.

Let’s go through them one by one.

Risk Identification:

This task explores the organization’s belongings, risks and liabilities. The process begins with the listing of the belongings in an organization and categorizing them. The belongings might be computer parts and tool, programs, people or networks. Risk manager identify and analyze the potential threats may it be internal or external and rates them accordingly. The threats arise due to natural attacks or robbery or software hit. After finding the possibilities of threats, he finds the affect they can have and identify the vulnerabilities in the belongings which can be misused and weaken the software...

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