Risk Management: Analysis and Assessment
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Questions and Answers

A general indication of significant areas of ______ is provided.

risk

The value of information (CIA) is expressed in ______ terms with supporting rationale.

monetary

Risk assessment results are derived and expressed in management's language, ______ value, percentages, and probability annualized.

monetary

Meaningful ______ analysis is supported in quantitative risk assessment.

<p>statistical</p> Signup and view all the answers

The ______ of calculations is a con of quantitative risk assessment.

<p>complexity</p> Signup and view all the answers

Not practical to execute a ______ risk assessment without using a recognized automated tool and associated knowledge bases.

<p>quantitative</p> Signup and view all the answers

A ______ amount of information gathering is required for a quantitative risk assessment.

<p>substantial</p> Signup and view all the answers

Standard, independent ______ population and threat frequency knowledgebase not yet developed and maintained.

<p>Threat</p> Signup and view all the answers

Quantitative risk assessment requires knowledge of ______ to physical assets and stored information.

<p>threats</p> Signup and view all the answers

A recognized automated tool is required for a ______ risk assessment.

<p>quantitative</p> Signup and view all the answers

Recognized automated tools and associated knowledge bases are necessary for a ______ risk assessment.

<p>quantitative</p> Signup and view all the answers

Quantitative risk analysis attempts to assign independently ______ numeric numbers to all elements of the risk analysis

<p>objective</p> Signup and view all the answers

Quantitative risk analysis deals with ______ values

<p>monetary</p> Signup and view all the answers

Annualized Loss Expectancy (ALE) is calculated by ______ Single Loss Expectancy X Annualized Rate of Occurrence

<p>multiplying</p> Signup and view all the answers

Exposure Factor (EF) is a measure of the ______ of loss or impact on the value of an asset

<p>magnitude</p> Signup and view all the answers

Single Loss Expectancy (SLE) is calculated by ______ Asset Value X Exposure Factor

<p>multiplying</p> Signup and view all the answers

Annualized Rate of Occurrence (ARO) is the ______ with which a threat is expected to occur

<p>frequency</p> Signup and view all the answers

The probability of an event can range from ______ to 1

<p>0</p> Signup and view all the answers

Quantitative risk analysis uses ______ to calculate the risk

<p>algorithms</p> Signup and view all the answers

In the formula ALE=ARO X (Asset Value X Exposure Factor), ALE stands for ______ Loss Expectancy

<p>Annualized</p> Signup and view all the answers

Safeguard Effectiveness is the degree, expressed as a ______, to which a safeguard can be characterized as effectively mitigating a vulnerability

<p>percent</p> Signup and view all the answers

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