Sunday, January 5, 2020

Risk Building Blocks and Gender Differences An Analysis

Risks Building Blocks The four risk building blocks are discovery, measurement, classification, and prioritization (Miller, 2006). Discovery identifies all the components necessary to ensure risk management programs are effective, including technology infracture, users of it, information assets, and processes. Measurement is assessing capabilities and requirements (compliance, service agreements, and information availability), vulnerabilities (including weaknesses in applications, networks, operations, and organization), and threats to security to be able to prioritize according to the degree of risk. Classification of requirements, goals and function of a risk management can be ranked by type of information and how critical it is and compare where it is in terms of the goals of the risk management program. Prioritization is building risk zones based on the importance of the types of information and threats to availability or security. Prioritization allows for better risk management decisions and ensures a balanced approach to preventing, detecting, responding to, and managing risks. The building blocks are a viable way for an organization to build higher levels of security for the information system. Failure to identify, assess, and mitigate IT risks set the business up for serious security breaches and financial losses down the road (Bentley, 2010). Using the four building blocks, organizations can identify the components, measure the risks, classify theShow MoreRelatedImplementation Of The Mnch Initiative1474 Words   |  6 Pageswhen the performance management strategy was released, and project agreements had already been signed or were in an advanced stage of negotiation†. This is an important issues particularly regarding the coherence, the accountability and reporting. 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