Risk Management

Question 1

WHAT IS RISK MANAMENT

Answer 1

KEEP UP WITH RISK BY LOOKING REPORTING PATCHING ETC.
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Question 2

RISK ANALYSIS

Answer 2

LIST OF RISK THAT CAN HELP YOU

Question 3

RISK TREATMENT

Answer 3

HELP MANAGING

Question 4

RISK ASSESSMENT FREQUENCE

Answer 4

HOW OFTEN THE RISK ASSESSMENT IS CONDUCTED

Question 5

AD-HOC

Answer 5

CONDUCTED WHEN AND AS NEEDED TO A SPECIFIC EVENT THAT CAN INTRODUCE NEW RISK OR CHANGE. NATRUAL DIASTER

Question 6

RECURRING RISK ASSESSMENT

Answer 6

MONTHLY,ANNUALLY OR QUARTERLY ANALYSIS.

Question 7

ONE TIME RISK ASSESSMENT

Answer 7

NOT REPEATED FOR PROJECTS OR USING NEW IT SYSTEMS JUST HAPPENS ONE TIME.

Question 8

CONTINUOUS RISK ASSESSMENTS

Answer 8

ON GOING MONITOR AND EVAL ON RISK

Question 9

RISK IDENTIFICIATION

Answer 9

RECOGNIZING POTENITAL RISK THAT COULD IMPACT ORG’S

Question 10

BUSINESS IMPACT ANALYSIS

Answer 10

EVALUATING POTENTIAL EFFECTS OF DISRUPTION TO AN ORG BUSINESS FUNCTIONS.

Question 11

RTO-RECOVERY TIME OBJECTIVE

Answer 11

REPRESENTS THE MAX ACCEPTABLE LENGTH OF TIME. BEFORE THE LACK OF A BUSINESS FUNCTION GETS REALLY IMPACTED.

Question 12

RECOVERY POINT OBJECTIVE-RPO

Answer 12

MAX ACCEPTABLE AMOUNT OF DATA LOSS IN MEASURED TIME.

Question 13

MTTR MEAN TIME TO REPAIR-MMTR

Answer 13

AVERAGE TIME REQUIRED TO REPAIR A FAILED COMPONENT OR SYSTEM.

Question 14

MEANT TIME BETWEEN FAILURES MTBF

Answer 14

AVERAGE TIME BETWEEN FAILURES.

Question 15

RISK REGISTER

Answer 15

A DOCUMENT RECORDS DEATILS OF THE RISK SUCH AS WHAT AND HOW IT HAPPENED.

Question 16

RISK DESCRIPTION

Answer 16

DEATILING WHAT THE RISK IS DESCRIPTION

Question 17

RISK IMPACT

Answer 17

THE CONSEQUENCES IF THE RISK TAKES PLACE

Question 18

RISK LIKELIHOOD

Answer 18

CHANCE OF THE RISK HAPPENING

Question 19

RISK OUTCOME

Answer 19

IF RISK HAPPENS WHAT IS THE RESULT OF IT

Question 20

RISK LEVEL

Answer 20

COMBINING IMPACT AND LIKELIHOOD

Question 21

THE COST OF RISK

Answer 21

COST OF MITAGTING/HAPPENING RISK.

Question 22

RISK TOLERANCE

Answer 22

THE ORG IS WILLING TO ACCEPT THE RISK

Question 23

RISK APPETITIE

Answer 23

AN ORG WILLING TO EMBRACE SPECIFIC TYPES OF RISK.

Question 24

EXPANSIONARY RISK APPETITIE

Answer 24

ORG IS TAKING MORE RISK TO GETTER LARGER RETURNS

Question 25

CONSERVATIVE RISK APPETITIE

Answer 25

FAVORS LESS RISK

Question 26

NEUTRAL RISK APPETITITE

Answer 26

BALANCE OF RISK AND RETURN.

Question 27

KEY RISK INDICATORS

Answer 27

PREDICTIVE METRICS TO SIGNAL RISING RISK LEVELS IN DIFFERENT PARTS OF THE ENTERPRISE.

Question 28

RISK OWNER

Answer 28

PERSON OR GROUP IN CHARGE OF TAKING RESPOINIBTY OF THE RISK

Question 29

QUALTIVITE RISK ANALAYSIS

Answer 29

METHOD OF ASSESSING RISK BASED ON THE IMPACT AND LIKELIHOOD OF THEM HAPPENING.

Question 30

EXPOSURE FACTOR

Answer 30

PROPORTION OF AN ASSET THAT IS LOST.

Question 31

SINGLE LOSS EXPECTANCTY SLE

Answer 31

MONETERY VALUE EXPECTED TO BE LOST IN A SINGLE EVENT

Question 32

ANNUALIZED RATE OF OCCURRENCE

Answer 32

ESTIMATED FREQUENCY WITH WHICH A THREAT IS EXPECTED TO OCCUR IN A YEAR.

Question 33

ANNUALIZED LOSS EXPECTANCY

Answer 33

SLE x ARO annual lost from a risk

Question 34

RISK MANAGMENT STRATS

Answer 34

-RISK TRANSFERENCE SHIFTING RISK TO ANOTHER PARTY -RISK ACCEPTANCE- DEALING WITH A RISK IF IT OCCURS BASICALLY WHEN IT ARISES. -EXEMPTION- EXCLUDES PARTY FROM A SPECIFIC RULE OR REQUIRMENT. EXCEPTION- PERMITS PARTY TO BY PASS A RULE OR REQUIRMENT.

Question 35

RISK AVOIDANCE

Answer 35

PLANS TO COMPLETELY AVOID THE RISK

Question 36

RISK MITIGATION

Answer 36

STEPS TO TAKE TO DECRESE LIKELIHOOD THE RISK.

Question 37

RISK MONITORING

Answer 37

TRACKING IDENTIFIED ASSESSING EXECUTING RESPONSE ACTION ON A RISK

Question 38

RESIDUAL RISK

Answer 38

IMPACT AFTER IMPLMENTNG MITAGAION

Question 39

CONTROL RISK

Answer 39

HAS LOST EFFECTIVENESS OVER TIME.

Question 40

RISK REPORTING

Answer 40

COMMUNICATION INFO ABOUT RISK MANAGEMENT ACTIVITIES.

Question 41

INFORMED DECISION MAKING

Answer 41

INSIGHTS FOR INFORMED DECISIONS ON RESORVCE ALLOACATIONI

Question 42

RISK MITIGATION

Answer 42

WHEN A RISK ESCLATIONG TO MITIAGETE THE RISK BEFORE IT BECOMES A PROBLEM

Question 43

STAKEHOLDER COMM

Answer 43

SETTING EXPECTIONS AND SHOWING EFFECTIVE RISK MANANGMENT

Question 44

REGULATORY COMPLIANCE

Answer 44

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Question 45

SLE

Answer 45

The Single Loss Expectancy (SLE) is calculated as the value of the asset multiplied by the Exposure Factor (EF). In this case, SLE =12,000. The Annualized Rate of Occurrence (ARO) is 1/5 (since the server crashes once every five years) = 0.2. The Annualized Loss Expectancy (ALE) is calculated as SLE * ARO. In this case, ALE= 12,000 * 0.2= 2,400.