Management Of Information Security
Management Of Information Security
6th Edition
ISBN: 9781337405713
Author: WHITMAN, Michael.
Publisher: Cengage Learning,
Question
Book Icon
Chapter 7, Problem 18RQ
Program Plan Intro

Cost-benefit analysis:

  • An evaluation of the anticipated losses that could be avoided from a control effort (benefit), compared to the anticipated costs needed to implement the control is called cost-benefit analysis (CBA).
  • A CBA may be used to estimate (or evaluate) the value against the cost of a decision, project, or policy or to compare potential (or completed) courses of actions. It is commonly used in business or policy decisions (particularly public policy), commercial transactions, and project investments.
  • Cost–benefit analysis is often used by organizations to appraise the given policy’s desirability. It is an analysis of the expected balance of costs and benefits.

Blurred answer
Students have asked these similar questions
What is Organization Strategy and Project Selection?
What are the critical contrasts between a strategic and gradual approach?
Which level of planning breaks down each applicable strategic goal into a series of incremental objectives?   Operational Strategic Organizational Tactical
Knowledge Booster
Background pattern image
Recommended textbooks for you
Text book image
Management Of Information Security
Computer Science
ISBN:9781337405713
Author:WHITMAN, Michael.
Publisher:Cengage Learning,
Text book image
Information Technology Project Management
Computer Science
ISBN:9781337101356
Author:Kathy Schwalbe
Publisher:Cengage Learning
Text book image
Principles of Information Systems (MindTap Course...
Computer Science
ISBN:9781285867168
Author:Ralph Stair, George Reynolds
Publisher:Cengage Learning
Text book image
Principles of Information Systems (MindTap Course...
Computer Science
ISBN:9781305971776
Author:Ralph Stair, George Reynolds
Publisher:Cengage Learning
Text book image
Principles of Information Security (MindTap Cours...
Computer Science
ISBN:9781337102063
Author:Michael E. Whitman, Herbert J. Mattord
Publisher:Cengage Learning