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Practice Questions – Current State of Controls

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2.7 Risk Analysis Methodologies

2.7 Risk Analysis Methodologies Risk analysis is the process of ranking of various risk so that areas of high can be prioritized for treating them.   Risk can be measured and ranked by use of any of the following methods:   Quantitative Risk Assessment Qualitative Risk Assessment Semi-quantitative Risk Assessment   Factor that influence the selection for above technique is availability of accurate data for risk assessment. When data source is accurate and reliable, organization will prefer quantitative risk assessment as it will give risk value in some numeric terms like monitory values. Monetary value is easy to evaluate to determine the risk response. Quantitative Risk Assessment In quantitative risk assessment, risk is measured on the basis on numerical values. This helps in cost benefit analysis as risk in monetary term can be easily compared to cost of various risk responses.   In quantitative risk assessment, various statist...
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30% Discount - CRISC Recorded Lecture

We are pleased to announce that we are offering CRISC recorded lectures at 30% discount. Please use below link to avail the discount https://www.udemy.com/course/crisc-with-hemang-doshi/?couponCode=CRISCMARCH21037
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2.5 Project & Program Management

2.5 Project & Program Management ·          It is very important for a risk practitioner to monitor the risk related to the management of the projects.   ·          Some of major reason for failing of IT projects are:   §   Scope creep i.e. requirements are not properly defined at the initial phase. §   Lack planning resulting into over budget and unavailability of skilled resources. §   Lack of structured project management process. §   Systems not tested before implementation §   Compliance or regulatory issues   ·          Root cause for the system failure is to be determined so the learnings can be applied to all the future projects.   ·          Major cause for a project failure is delay in completion. It may happen to make for the time lapsed...
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