Thursday, July 24, 2008

Risk in Business and IT/IS change


About the assignment...according to the article i read in this site http://www.biac.org/statements/iccp/Final_Information_Security_for_Executives071003.pdf

Decision related to risk and its mitigation should involve senior management. It is important to identify and clarify the risk you they might encounter during the decision making. You mus formulate questions and solutions to the questions! For example, what are the risk of the business? How to minimize it? Is it acceptable? Or can be avoided?

The events likely to threaten normal operation of the system are identified in the
Risk Assessment as follows:
1. Evacuation of Building
2. Non-Availability of Staff
3. Destruction of SOC
4. Connectivity Failures
5. Software Failures
6. Power Outages
7. Hardware Failures.

So even if you have a perfect plan and decision making, still you must consider some risks and threats to avoid some inconsistency.

thats all sir!! thank you!!

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