Risk Management: Analysis and Assessment

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21 Questions

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.

statistical

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

complexity

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

quantitative

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

substantial

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

Threat

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

threats

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

quantitative

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

quantitative

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

objective

Quantitative risk analysis deals with ______ values

monetary

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

multiplying

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

magnitude

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

multiplying

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

frequency

The probability of an event can range from ______ to 1

0

Quantitative risk analysis uses ______ to calculate the risk

algorithms

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

Annualized

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

percent

Test your understanding of risk management concepts, including risk analysis, quantitative and qualitative risk analysis, and risk assessment. Learn how to identify and evaluate risks in a target environment.

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