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Why should organisations have comprehensive risk assessment procedures?
Organizations should have comprehensive risk assessment procedures for a few different reasons. One of the main reasons is to assess threats and to know the protocol to react to such threats.
What action would you take if you felt that a risk assessment did not adequately control the risks?
No risk assessment controls risk. The function of a risk assessment is to assess the risks. The next step is to devise and apply appropriate controls.
Describe how you assess hazards in the composite risk managment process?
Estimate the probability and severity and then determine the risk level using the risk assessment matrix
Which three words best describe audit plan?
The three words that best describe an audit plan are "systematic," "comprehensive," and "strategic." An audit plan is systematic as it outlines a structured approach to evaluating an organization’s processes and controls. It is comprehensive in covering all relevant areas to ensure thorough assessment, and it is strategic as it aligns with the organization's goals and risk management objectives.
What do of the terms catastrophic critical marginal negligible describe in the risk assessment matrix?
Level of damage
What do the terms catastrophic critical marginal and negligible describe in risk assessment matrix?
Level of damage
What is the step in the composite risk management (CRM) process?
11) What do of the terms catastrophic, critical, marginal, and negligible describe in the risk assessment matrix
What is conducted after each incident of unauthorized disclosure of classified information in cases involving espionage or leaks to the public media to determine the effect of a compromise on national security?
Damage assessment
What do the terms catastrophic and negligible describe in the risk assessment matrix?
Level of severity of adverse event's effect
What should be included in a comprehensive risk management plan?
A comprehensive risk management plan should include identification of potential risks, assessment of their likelihood and impact, strategies for mitigating risks, a communication plan, and regular monitoring and review of the plan's effectiveness.
Who performes risk assessment?
who performs the risk assessment
What do the terms and catastrophic critical moderate and negligible and describe in the risk assessment matrix?
What is the purpose of the RM step, Develop Controls and Make Risk Decisions
